As of November 3, the SMM Imported Copper Concentrate Index (Weekly) stood at $85.03/mt, $0.26/mt lower than a week earlier.Spot purchases by some Chinese smelters decreased, muting spot trading of copper concentrates. TCs for imported copper concentrates are awaiting guidance of China International Import Expo this week. The pricing coefficient of Cu 20% copper concentrate was 88.5-89.5%.
As of August 4, the SMM Imported Copper Concentrate Index (Weekly) stood at $93.92/mt, $0.07/mt higher than July 28. The spot market was lukewarm this week. Despite a shortage of raw materials for the third and fourth quarters, inquiries from smelters decreased due to maintenance issues and negotiations on annual benchmark long-term contract TC in the fourth quarter. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%.
As of Friday July 28, the SMM Imported Copper Concentrate Index (weekly) stood at $93.85/mt, $0.8/mt higher than July 21. Trades in the copper concentrate spot market dropped. According to SMM, one smelter purchased spot clean ore, scheduled for loading in September, from a trader with TCs of $95/mt during the week.
The SMM Copper Concentrate Index in June rose by $2.91/mt on the month to $90.78/mt. The SMM Imported Copper Concentrate Index (weekly) for the week ending June 30 was $91.53/mt.
The SMM Copper Concentrate Index in May rose by $4.49/mt on the month to $87.87/mt. The SMM Imported Copper Concentrate Index (weekly) for the week ending June 9 was $89.93/mt.