Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-320 to -330/mt, Nov-Dec loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-235 to -245/mt, Nov 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-15/mt, Q4 loading, trader to smelter, M+1 or M+5 at seller's option, 30kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $index-10s/mt, Nov 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 $index-10/mt, Nov 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 $-235 to -240/mt, Nov 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 $-240s/mt, Nov 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 $-230 to -233/mt, Nov 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 $-230 to -240/mt, Nov 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 $-231 to -232/mt, Q4 arrival, between trader and smelter, M+1 or M+5 at seller's option, traded during the week of Oct. 2, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Red Chris tender heard, 2027 loading, producer to trader, bid due Oct. 16, 40kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $-210 to -220/mt, Q1 2027 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 $index minus a single digit/mt, Nov-Dec 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 $index flat/mt, Nov-Dec 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 $-233 to -235/mt, Nov-Dec 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 $-237 to -240/mt, Nov-Dec 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 $-220 to -230/mt, Nov-Dec 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 $-240/mt, Nov-Dec 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 $-239/mt, Q4 loading, trader to smelter, M+1 or M+5 at seller's option, 30-40kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-230/mt, Nov 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 $-230s/mt, Nov-Dec 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 $-300/mt, Q1 2027 loading, trader to smelter, M+4, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-240/mt, Nov loading, producer to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Mantoverde tender heard, 2026 to 1H 2028, producer to trader, M+1 or M+4 pricing at buyer's option, 10kt per half-year, 40kt in total, bid due Oct. 12, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Centinela tender heard, Nov loading, producer to trader, M+4 pricing, 10kt, bid due Oct. 16, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Los Pelambres tender heard, 2027 loading, producer to trader, M+4 pricing, 10kt per quarter, 40kt in total, bid due Oct. 16, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $index flat/mt, Nov 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 $-235/mt, Nov 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 $-310 /mt, Nov loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $index flat/mt, Nov 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 $-230/mt, Nov 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 $-320 to -330/mt, Nov-Dec loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Sierra Gorda tender heard at $-310 to -315/mt, Nov-Jan loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-330/mt, Nov-Dec loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-230s/mt, Nov 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 $index-20/mt, Nov 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 $index flat/mt, Nov 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 $-240/mt, Nov loading, producer to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: menu clean traded heard at $index-15/mt, Nov 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 indicative offer heard at $-258/mt, Nov-Dec 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 $-330 to -340/mt, Nov-Dec loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-300/mt, 1H 2027 loading, producer to trader, M+4, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-230 to -235/mt, Dec 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 $-330/mt, Dec loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative bid heard at $-200/mt, Nov 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 heard done heard at $-258/mt, Nov loading, producer to smelter, M+3, 10kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Sierra Gorda tender heard at $-340/mt, Nov-Jan loading, producer to trader, M+4, 20kt,according to market source
Platts 25% Cu Copper Concentrate, CIF China: Salobo and Sossego tender heard, 2027 and 2028 loading, producer to trader, due Oct. 5, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-230 to -235/mt, Nov-Dec 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 $-310 to -320/mt, Nov-Dec loading, producer to trader, M+4, according to market source;
Platts assessed the CIF China clean copper concentrate treatment charge and refining charge at minus $238/mt and minus 23.8 cents/lb, respectively, on Oct. 9, down $3/mt and 0.3 cent/lb, respectively, from Oct. 8.
Platts currently applies zero TC/RC spreads when normalizing M+5 pricing to M+3 for smelters' purchase based on market surveys.
Platts assessed producer-to-trader copper concentrates TC/RC differentials at minus $82/mt and minus 8.2 cents/lb, respectively, on Oct. 9, down by $2/mt and 0.2 cent/lb, respectively, from Oct. 8.
More offers heard for November-loading shipments after the holiday in China.
“Traders may have pressure to declare a discharging port for November loading shipments; there are more offers after the holiday,” a Chinese source said.
Traders were generally asking for bids, instead of an outright offer, amid TC/RCs uncertainties.
“Bids from smelters were at a wide range from index flat to index minus $10s/mt, the market is unstable over the past two days,” a trader said.
A trade done at index minus $15/mt for Q4 loading clean copper concs from trader to smelter, 30,000 mt in total.
A trade was done at an index minus $8 to minus $9/mt for Q4 loading road-transported copper concentrate between trader and smelter, 10,000 mt.
A trade was also heard done at index minus low-$230s/mt for Q4 arrival clean copper concentrates during the week of Oct. 2, 40,000 mt to 60,000 mt in total.
Some traders delayed the November-loading shipment to December due to the relatively quiet demand for the November-loading shipment.
Reduced usage of copper concentrates is still ongoing, and the smelters are sourcing substitutes to avoid restocking copper concentrates.
“There is no improvement on sulfuric acid prices, and production losses are happening to every smelter,” a trader commented slow restocking from smelters, and felt that TC/RCs would be relatively stable in the short-term.
Another trader said that they still prefer to sell on an index basis despite the discount having narrowed, and smelters refraining from restocking is temporary for the November-loading shipment only.
A tender was heard for 2027 loading Red Chris for 40,000 mt in total, bid due on Oct. 16.
Platts is part of S&P Global Energy.