Copper concentrate TC/RCs rise as cargoes diverted from smelters including Fangyuan

Fastmarkets' copper concentrates treatment and refining charges (TC/RC) index rose for the second straight week on Friday December 20, with the spot market firming slightly after cargoes from Dongying Fangyuan and some other smelters were diverted, leading to higher availability.

The spot copper concentrates TC/RC index, cif Asia Pacific, was at $51.80 per tonne/5.18 cents per lb on December 20, up from $51.30 per tonne/5.13 cents per lb a week earlier.
The terms for smelter purchase trended up, with some tonnages sold at close to $60 per tonne, but the rest of the market is pricing spot material to smelters at low to mid-$50s per tonne.
Traders said they would bid on copper concentrates with TCs in the mid to low $40s this week. Tenders for Oyu Tolgoi, Escondida, Austria Duvaz and three qualities of Toromocho copper concentrates were or are in the market.
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