Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs trade heard at index-$28/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, high cu and low gold quality, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $index-25/mt, October 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 $-200s/mt, October 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 $-190s/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: 1% As and clean concs spreads tradable heard at $70-80/mt, October loading, trader to smelter, , according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-250/mt, October loading, producer to trader, M+3, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Gold concs and clean concs spreads tradable heard at $30/mt, October loading, trader to smelter, , As 3%-4%according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-170 to -180/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: High arsenic copper concs bid heard at $-90s/mt, October loading, trader to smelter, , according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $-200/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: 1% As and clean concs spreads tradable heard at $40-50/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Copper Mountain tender heard at $-250 to -260/mt, Sept loading, producer to trader, M+1 or M+4 at buyer's option, , according to market source
Platts 25% Cu Copper Concentrate, CIF China: Escondida tender heard at $-250/mt, Oct-Nov loading, producer to trader, M+3, 10kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-190/mt, October 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 $-180 to -182/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Las Bambas tender heard at $-256/mt, Q4 loading, producer to trader, M+1 or M+4 at buyer's option, 20kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Timok tender heard at $-191 to -193/mt, Sept-Oct loading, producer to trader, M+1 or M+4 at buyer's option, , according to market source
Platts 25% Cu Copper Concentrate, CIF China: 1% As and clean concs spreads indicative offer heard at $30/mt, October 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 $-190s/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: menu clean trade heard at $index-22/mt, 2026 loading, trader to smelter, M+1 or M+5 at seller's option, 80kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-181 to -183/mt, October 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 $-250 to -270/mt, October loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-250/mt, October loading, producer to trader, M+1 or M+4 at buyer's option, , according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-250/mt, Sept loading, producer to trader, M+1 or M+4 at buyer's option, , according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Mantoverde tender heard at $-260/mt, Sept loading, producer to trader, M+1 or M+4 at buyer's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Las Bambas tender heard, Q4 loading, producer to trader, M+1 or M+4 at buyer's option, 20kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs trade heard at $-225/mt, Sept-Oct loading, producer to trader, M+4, container, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-180s/mt, October 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 $-250s/mt, October loading, producer to trader, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-180 to -190/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: High arsenic copper concs bid heard at $below -100/mt, Q4 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 $-190 to -200/mt, October 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 $-190 to -200/mt, October 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 $-170s/mt, October 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 $-160s/mt, October 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 bid heard at $-180s/mt, Q4 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 $index-30/mt, Q4 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 $-200/mt, Q4 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 tradable heard at $-170 to -175/mt, October 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 tradable heard at $-240/mt, October loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-240/mt, October loading, producer to trader, M+3, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-180 to -190/mt, October 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 tradable heard at $-180 to -190/mt, October 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 $-200s/mt, October loading, producer to smelter, M+3, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $-190 to -195/mt, October 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 tradable heard at $-200/mt, October 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 trade heard at $index-25/mt, October loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF Japan: Mission tender heard, Aug loading, producer sell, 10kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Escondida tender heard, October loading, producer sell, M+3, 10kt, according to market source
Platts 25% Cu Copper Concentrate, CIF Mexico: San Martin tender heard, Aug-Dec loading, producer to trader, M+0 to M+3, 700mt per month, according to market source
Platts assessed the CIF China clean copper concentrate treatment charge and refining charge at minus $182/metric ton and minus 18.2 cents/lb, respectively, on Aug. 19, unchanged from Aug. 18.
Platts currently applies zero TC/RC spreads when normalizing M+5 pricing to M+3 for smelters' purchases, based on market surveys.
Platts assessed producer-to-trader copper concentrates TC/RC differentials at minus $68/mt and minus 6.8 cents/lb, respectively, on Aug. 19, down by $5/mt and 0.5 cent/lb, respectively, from Aug. 18.
As copper backwardation widened, traders bid lower in the spot market to secure clean copper concentrates.
Escondida traded at minus $250/mt between producer and trader for October-November loading, M+3 pricing, 10,000 mt.
Las Bambas traded at minus $256/mt between producer and trader for fourth-quarter loading, M+1 or M+4 pricing at buyer’s option, 20,000 mt.
Mantoverde was heard done at around minus $260/mt between producer and trader for September loading, M+1 or M+4 pricing at buyer’s option, 10,000 mt.
Copper Mountain was heard done at minus $250 to minus $260/mt between producer and trader for September loading, M+1 or M+4 pricing at buyer’s option, 10,000 mt.
Timok was heard done at minus $191 to minus $193/mt between producer and trader for October-November loading, M+1 or M+4 pricing at buyer’s option, 10,000 mt.
“Minus $250/mt has become a new norm for traders to buy clean copper concs,” a trader said.
September-October loading clean copper concentrates were also heard done at minus $225/mt during the week of Aug. 13 between producer and trader, M+4 pricing, 7,000 mt for containerized shipment.
Market participants expected spot liquidity to pick up as many producers released September-October loading shipments they had on hand.
Traders preferred to sell different qualities as a package as smelters were still seeking clean qualities.
A trade was done at index minus $22/mt between trader and smelter for September-December loading, 80,000 mt, M+1 or M+5 pricing at the seller’s option, including clean and blended copper concentrates, as well as gold concentrates.
But with fewer active buyers around, some traders were flexible on selling on a fixed or index basis for October-loading shipments.
Indicative offers were heard at minus $190/mt levels, and best bids were heard at minus $180/mt levels for the fourth quarter.
Some sellers were also open to price discussions on 2027 loading shipments.
“But smelters were reluctant to book Q2 onwards shipments, there are too many uncertainties for sulfuric acid prices,” two smelters said.
Platts is part of S&P Global Energy.