Blister copper imports out of favor as Chinese buyers turn to domestic scrap, ingots

Chinese buyer interest in the overseas blister copper spot market shrank in February due to the increased availability of lower-cost substitute material - scrap and ingots - in the domestic market.

Refining charges (RCs) for 98-99% blister copper, cif China, were assessed at $160-170 per tonne for February - rising due to the increasing availability of overseas blister copper compared with January when RCs were assessed at $150-165 per tonne.  

More high purity copper scrap, a substitute for blister...

Published

Julian Luk

March 02, 2021

11:19 GMT

Hong Kong