Platts 25% Cu Copper Concentrate, CIF China: High As copper concs offer heard at $30+/mt, July loading, trader to smelter, M+1 or M+4 at buyer's option, 1.5% As, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Road-transported copper concs tradable heard at $20-30/mt, July 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 traded heard at close to $2/mt, August loading, trader 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 traded heard at $-5/mt, June loading, trader to trader, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $2-3/mt, July 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 minus $10s/mt, July loading, producer to trader, M+1 or M+4 at buyer's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $1-5/mt, July 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 $2-3/mt, July 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 $2-3/mt, July loading, trader 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 offer heard at $0-2/mt, July loading, producer to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2/mt, July loading, producer to smelter, M+3, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at -$5/mt, July loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at negative $5-$10/mt, July loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Calcine tender heard at minus $1-2/mt, May-June/Q3/Q4 loading, producer to trader, M+4, 30kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at below $5/mt, H2 2024 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 bid heard at below $5/mt, H2 2024 loading, producer to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $1-3/mt, H2 2024 loading, producer to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at negative $/mt, 2025 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 tradable heard at $-5/mt, June-July loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $-5/mt, June loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $5/mt, June-July 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 gold copper concs bid heard at $10/mt, June 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 traded heard at $5/mt, June loading, producer to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $1-2/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Blended copper concs indicative offer heard at $4-5/mt, June-July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Blended copper concs bid heard at $10/mt, June-July 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 -$5/mt, June-July loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Blended copper concs tradable heard at $6-7/mt, June-July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Robinson heard done heard at -$10s/mt, June-July loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Robinson tender heard on May 16, June-July loading, producer to trader, M+4, 10kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2-3/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: High gold copper concs traded heard at $6-7/mt, June-July loading, trader 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 tradable heard at $2-3/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $minus 1-2/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $5-6/mt, Q3 loading, trader to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $5/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Gold concs offer heard at $70/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, High As content, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $2-3/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, container, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $3/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Blended copper concs indicative offer heard at $5/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, As around 0.5%, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at minus $10s/mt, July 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 $4/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Blended copper concs offer heard at $5/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, As around 0.5%, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Blended copper concs indicative bid heard at above $5/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, low gold & low silver content, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: non-standard clean tradable heard at $5-6/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0-2/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Blended/Clean copper concs tradable heard at $minus 1-2/mt, July loading, trader 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 tradable heard at $3-4/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $0/mt, Q3 loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts assessed CIF China clean copper concentrate treatment and refining charges at minus 40 cents/mt and minus 0.04 cent/lb, respectively, May 20, up by 20 cents/mt and 0.02 cent/lb, respectively, from May 17.
Platts assessed producer-to-trader copper concentrate TC/RC differentials at minus $8.40/mt and minus 0.84 cents/lb, respectively, May 20, down by 70 cents/mt and 0.07 cent/lb, respectively, from May 17.
Tradable values were heard at $2-$4/mt for July-loading clean copper concentrates, from trader to smelter, on M+1 or M+5 pricing at the seller's option, which is normalized to minus $1.40/mt and 60 cents/mt by considering a $21.40/mt contango between October and December on an M+3 pricing basis.
Although TC/RCs for June-loading shipments rebounded slightly, market participants were still optimistic about July-August-loading shipments.
“We didn’t see many production changes. More offers are for prompt shipments but [there is] healthy demand for July and August parcels,” a seller said.
A firm offer was heard at $5/mt for July-loading blended copper concs on M+1 or M+5 pricing basis, at the seller’s option.
Limited offers were heard for July shipment and firm offers were heard at $2-$3/mt for standard clean on M+5 pricing basis.
A trade was done at close to $2/mt for August-loading clean copper concs from trader to smelter on M+1 or M+5 pricing basis, at the seller’s option.
Some traders who pushed for gold pricing at below 1g were receiving challenges, as end-users were avoiding buying this quality.
Buying appetite from Northwest-origin smelters was limited due to higher transportation and production costs.
Regional smelters were heard considering buying only at above $30/mt TC/RCs for road-transported copper concs, and they preferred to cut production in the current market.
Surging LME copper prices have widened the import loss to China to over Yuan 2,000/mt ($276/mt), and copper cathodes sales are also slow due to high flat prices.
“The production loss could reach Yuan 3,000-4,000/mt if bought at spot TC/RCs,” a source said.
Meanwhile, more offers of complex copper concs were heard to have been available, and market participants believed that high copper prices and low TC/RCs encouraged more production and exports.
“Buyers who can take high arsenic copper concs are very limited,” a trader said.
Platts is part of S&P Global Commodity Insights.