COPPER CONCS SNAPSHOT: TC/RCs dip as smelter buying picks up; contango aids trader buying

Fastmarkets' benchmark copper concentrates treatment and refining charge (TC/RC) index fell on Friday May 29 despite the expected return of Peruvian supply.

The index dropped to $49.7 per tonne/4.97 cents per lb from$51.6 per tonne/5.16 cents per lb a week ago.
Most Chinese smelters spoken to by Fastmarkets continue to buy parcels in the low-$50s/5 cents for June-July arrival.

In trader purchases, a...

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