Blister copper refining charges (RC) terms in China increased in June due to higher availability of overseas materials, which offset part of the capacity lost in the production halt while inspections took place over the month.
The monthly blister copper 98-99% spot cif China RC rose to $215-235 per tonne, with a sale of several thousand tonnes reported at the higher end of the range and offers coming in at the lower end. This has increased slightly from $210-230 per tonne for RCs in May. Several trading houses are offering cargoes at RCs close to the lower end of Metal Bulletin's range, while some buyers are still looking for tonnages around the $230s level. Deals reported this month are mainly products from Zambia, the Democratic Republic of Congo and...