Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative bid heard at $-53 to -55/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $-57 to -62/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-58 to -59/mt, April-May loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-55/mt, April-May loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-58/mt, April-May loading, producer to smelter, M+1 or M+4 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs trade heard at $index/mt, March loading, producer to smelter, M+3, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-55 to -57/mt, April-May loading, producer to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs trade heard at $-60/mt, April loading, producer to smelter, 10kt to 20kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-100s/mt, May loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-58/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $-57 to -59/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-100 to -105/mt, April loading, producer to trader, M+1 or M+4 at buyer's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-55/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs trade heard at $-55 to -56/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, gold 0.3g deduction, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Road-transported copper concs trade heard at $index/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs trade heard at $index/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-100s/mt, April loading, trader to smelter, M+1 or M+4 at buyer's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative bid heard at $-55/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-57 to -58/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs heard done heard at $-56/mt, March loading, producer to smelter, M+3, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $-low 60s/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-53 to -54/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative bid heard at $-50/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $-58 to -60/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Cerro Corona tender heard at $-126 to -128/mt, March and Q4 loading, producer to trader, 20kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $-58/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-52 to -53/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-55/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-low 60s/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-59 to -61/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-80s/mt, April loading, producer to trader, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-54 to -55/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-low 60s/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-90s/mt, April loading, producer to trader, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-48 to -49/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Escondida tender heard at $-58/mt, April loading, producer to smelter, M+3, due on March 2, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Escondida tender heard at $-104/mt, April loading, producer to trader, M+3, due on March 2, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-57 to -58/mt, 2026 loading, producer to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-52/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-56/mt, April loading, producer to smelter, M+3, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-57 to -58/mt, Q2 loading, producer to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-55/mt, April loading, producer to smelter, M+3, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-57 to -58/mt, Q2 loading, producer to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-52/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-56/mt, April loading, producer to smelter, M+3, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-55/mt, April loading, producer to smelter, M+3, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-52 to -53/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-56/mt, April loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-52 to -53/mt, April loading, producer to smelter, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-56 to -58/mt, April loading, producer to smelter, M+3, according to trader source
Some smelters pay lower TC/RC for urgent demand
Wide gap between bids and offers on fixed TC/RC basis
Platts assessed the CIF China clean copper concentrate treatment charge and refining charge at minus $58.10/mt and minus 5.81 cents/lb, respectively, on March 6, down 90 cents/mt and 0.09 cent/lb from March 5.
Tradable values were heard at minus $55/mt on an M+1 or M+5 pricing basis at the seller's option for May-loading clean copper concentrates, from trader to smelter, normalized to minus 58.10/mt on an M+3 basis.
Platts assessed producer-to-trader copper concentrates TC/RC differentials at minus $45.90/mt and minus 4.59 cents/lb, respectively, on March 6, down $2.30/mt and 0.23 cent/lb from March 5.
Some smelters were still looking for March loading clean copper concentrates, while many are sourcing April cargoes.
“Especially some small-sized smelters, who are less covered by term contracts, are willing to pay lower TC/RCs to fix a spot cargo,” a seller said.
A trade was done at around minus $60/mt between the producer and the smelter for April loading of clean copper concentrates.
A firm offer heard at minus $58/mt from a trader to a smelter for April loading clean copper concentrates.
“I think smelters were not ready to pay the same TC/RC to traders compared to producers,” a trader said.
Offers for a larger volume were heard at minus low-$60s/mt from trader to smelter, while smelters felt it was difficult to accept minus $60s/mt at the moment.
“It is really difficult to negotiate a fixed TC/RC nowadays, so many contracts were booked on an index basis,” a procurement source said.
Bids heard at minus low-to-mid-$50s/mt from smelter to trader for April loading clean copper concentrates.
According to traders, spot TC/RCs were still on a downtrend, and they were flexible to sell on a floating basis for spot contract.
About 20,000 mt to 30,000 mt clean copper concentrates were heard done on an index basis for March loading, producer to smelter, M+3 pricing.
Platts is part of S&P Global Energy.