SMM

As of August 18, the SMM Imported Copper Concentrate Index (Weekly) stood at $93.35/mt, $0.68/mt lower than a week earlier. The spot trades of copper concentrate continued to be quiet last week, even as inquiries from many smelters for traders’ clean ore scheduled in the fourth quarter increased significantly during the week. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%.