Muted copper concentrate trading, TCs awaiting guidance from CIIE
- nov 06, 2023, at 5:51 pm
As of November 3, the SMM Imported Copper Concentrate Index (Weekly) stood at $85.03/mt, $0.26/mt lower than a week earlier.Spot purchases by some Chinese smelters decreased, muting spot trading of copper concentrates. TCs for imported copper concentrates are awaiting guidance of China International Import Expo this week. The pricing coefficient of Cu 20% copper concentrate was 88.5-89.5%.
