SMM

As of August 4, the SMM Imported Copper Concentrate Index (Weekly) stood at $93.92/mt, $0.07/mt higher than July 28. The spot market was lukewarm this week. Despite a shortage of raw materials for the third and fourth quarters, inquiries from smelters decreased due to maintenance issues and negotiations on annual benchmark long-term contract TC in the fourth quarter. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%.