TCs for imported copper concentrate stable
2023-04-04 08:22:46 [Print]
BEIJING (Asian Metal) 4 Apr 23 - Given cautious purchase from downstream copper cathode plants, the imported concentrate market saw slack movements over the past several days. The mainstream TCs for imported copper concentrate stayed flat the range of USD79-84/t, unchanged from late last week. Insiders are of the opinion that the mainstream TCs for imported copper concentrate would remain stable in the forthcoming days.
"The most competitive offer for TCs of Chilian copper concentrate stood at the present USD82/t and rejected to accept any price cuts from us," said a copper concentrate consumer in North China, adding that he didn't purchase the material in the recent days and locked about 1,000t early last week at USD82/t. He noted that he mainly kept carrying out some long-term contracts and locked the metal in the spot market in small volume. Given stable quotations from suppliers and steady transactions from buyers, he predicts the mainstream TCs for imported copper concentrate prices would remain flat in the coming days.
With an annual consumption volume of 300,000t, the consumer predicts to use about 11,000t of the metal in April and purchased about 9,800t in March. He holds about 8,600t of stocks now, unchanged from late last month. He consumed about 136,000t of the metal in 2022 and used about 32,000t in Q1 of 2023.
"My supplier insisted on the offer of copper concentrate at USD81/t and refused to accept any counter bids from us," said a copper concentrate consumer in South China, adding that he would run down stocks and postpone his purchase to late this week. He last purchased about 500t one week ago at USD81/t and kept carrying out some signed deals. He anticipates the mainstream TCs for imported copper concentrate would remain flat in the coming days.
The consumer, with an annual consumption volume of 150,000t, predicts to consume about 10,000t of the material in April and consumed a similar volume in March. He holds about 5,000t of inventories presently, almost identical to late last month. He consumed around 120,000t in 2022 and consumed about 30,000t in Q1 of 2023.
"The most competitive offer for TCs of Chilian copper concentrate stood at the present USD82/t and rejected to accept any price cuts from us," said a copper concentrate consumer in North China, adding that he didn't purchase the material in the recent days and locked about 1,000t early last week at USD82/t. He noted that he mainly kept carrying out some long-term contracts and locked the metal in the spot market in small volume. Given stable quotations from suppliers and steady transactions from buyers, he predicts the mainstream TCs for imported copper concentrate prices would remain flat in the coming days.
With an annual consumption volume of 300,000t, the consumer predicts to use about 11,000t of the metal in April and purchased about 9,800t in March. He holds about 8,600t of stocks now, unchanged from late last month. He consumed about 136,000t of the metal in 2022 and used about 32,000t in Q1 of 2023.
"My supplier insisted on the offer of copper concentrate at USD81/t and refused to accept any counter bids from us," said a copper concentrate consumer in South China, adding that he would run down stocks and postpone his purchase to late this week. He last purchased about 500t one week ago at USD81/t and kept carrying out some signed deals. He anticipates the mainstream TCs for imported copper concentrate would remain flat in the coming days.
The consumer, with an annual consumption volume of 150,000t, predicts to consume about 10,000t of the material in April and consumed a similar volume in March. He holds about 5,000t of inventories presently, almost identical to late last month. He consumed around 120,000t in 2022 and consumed about 30,000t in Q1 of 2023.
