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Top News In Qinghai Copper Today - Breaking & Trending Today
As of last Friday May 12, the SMM Imported Copper Concentrate Index (Weekly) stood at $86.88/mt, $1.41/mt higher than May 5. The spot market was quiet during the week as most market participants were preparing for the LME meeting in Hong Kong to be held this week, muting trading. Traded TCs of clean seaborne ore scheduled for July and August between mines and smelters stood at $85/mt. Offers were ample. Offers of traders for clean seaborne ore scheduled for June-August stood at $85/mt, and counteroffers were $91-92/mt. The market was still awaiting guidance from the results of Antofagasta's mid-year long-term contract negotiations with some Chinese smelters. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%. ....
As of last Friday May 12, the SMM Imported Copper Concentrate Index (Weekly) stood at $86.88/mt, $1.41/mt higher than May 5. The spot market was quiet during the week as most market participants were preparing for the LME meeting in Hong Kong to be held this week, muting trading. Traded TCs of clean seaborne ore scheduled for July and August between mines and smelters stood at $85/mt. Offers were ample. Offers of traders for clean seaborne ore scheduled for June-August stood at $85/mt, and counteroffers were $91-92/mt. The market was still awaiting guidance from the results of Antofagasta's mid-year long-term contract negotiations with some Chinese smelters. The price coefficient of Cu 20% domestic ore stood at 88.5-89.5%. ....
As of last Friday, the SMM Imported Copper Concentrate Index (weekly) stood at $84.75/mt, $0.39/mt higher than the previous week. During last week, some market participants had not yet returned from Chile and some participated in the SMM Copper Summit in Yantai, which led to relatively quiet inquiries and quotes during the week. ....
As of last Friday April 21, the SMM Imported Copper Concentrate Index (weekly) stood at $84.36/mt, $1.7/mt higher than the previous week. Last week, most of the market participants went to Chile to attend the CESCO meeting, so the spot transactions were quiet. According to SMM, during the week, there was a transaction between a smelters in north China and a trader for seaborne clean ores scheduled to be loaded in July. Traded TCs were around $85/mt. ....