Blister copper RC up amid import policy change in scrap, anode

China's spot refining charge (RC) for blister copper increased over October on lower buying appetite due to an expected inflow of scrap now that recyclable copper raw materials can be imported into the country from next week, sources said on October 30.

Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $150-160 per tonne on October 30, narrowing higher on the low end from $140-160 per tonne a month earlier.
Transactions heard during the month were mostly in the high $150s while some tonnages were offered in the low $150s to the Chinese smelters, trading sources said.

Buying interest has not been particularly strong in October with market participants looking forward to China's policy change...

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