SMM

As of last Friday April 14, the SMM Imported Copper Concentrate Index (weekly) stood at $82.66/mt, $0.9/mt higher than the previous week. During the week, the spot trading activities of traders and smelters were muted, and the actual spot transactions were limited. The traded TCs of seaborne clean ore scheduled for the shipment in the second quarter between mines and traders stood at $71-72/mt, and those between traders and smelters stood at $83-84/mt. There were large numbers of offers from traders, standing between $79-82/mt. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%.