The range in refining charges (RC) paid for copper intermediate products cif China diverged in June due to traders willing to agree lower fees for tonnages and smelters less desperate for blister copper amid sufficient domestic scrap supply.
Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $110-132 per tonne on June 30, down by $5 per tonne on the low end but up by $7 per tonne on the top end from $115-125 per tonne a month ago.The RCs were on...