Chinese market sees rising price coefficients for copper concentrate
2024-05-01 09:08:54 [Print]
BEIJING (Asian Metal) 6 May 24 - As copper cathode prices break through RMB80,000/t (USD11,048/t), copper concentrate producers raise their price coefficients for May successively. Current mainstream price coefficients for Chinese standard copper concentrate stand at 92.5-95.5%, up by about 1% from early April. Insiders believe that mainstream price coefficients for Chinese copper concentrate would stay firm in May.
"As copper cathode prices stay at a high level, we decide to keep our EXW price coefficient for copper concentrate at 95.4% since beginning of May," said a producer in Guangdong, adding that their clients already accepted the higher price coefficient, while in April his EXW price coefficient for total sales of 1,300 metal tons was 94.8%. Given that copper cathode prices are still on the rise, the producer believed that mainstream price coefficients for Chinese copper concentrate would continue to stay at the current high level in May.
With an annual production capacity of 18,000 metal tons of copper concentrate with copper content at 17-19%, the producer produced 1,000 metal tons in March and 1,300 metal tons in April, holding no stocks now.
"As copper prices stay at a high level, we decide to raise our EXW price coefficient for copper concentrate to 93.5% in May. Now there are already clients accepting the new price coefficient," said a producer in Yunnan, adding that in April his price coefficient for total sales of 600 metal tons of copper concentrate was 92%. Considering that copper cathode prices are expected to still fluctuate at a high level in early May, the producer believed that mainstream price coefficients for Chinese copper concentrate would also remain firm at the high level.
With an annual production capacity of 12,000 metal tons of copper concentrate with copper, gold and silver content at 24%min, 50-60g and 600-700g respectively, the producer produced around 600 metal tons in April, basically unchanged from March, and holds no stocks now.
"As copper cathode prices stay at a high level, we decide to keep our EXW price coefficient for copper concentrate at 95.4% since beginning of May," said a producer in Guangdong, adding that their clients already accepted the higher price coefficient, while in April his EXW price coefficient for total sales of 1,300 metal tons was 94.8%. Given that copper cathode prices are still on the rise, the producer believed that mainstream price coefficients for Chinese copper concentrate would continue to stay at the current high level in May.
With an annual production capacity of 18,000 metal tons of copper concentrate with copper content at 17-19%, the producer produced 1,000 metal tons in March and 1,300 metal tons in April, holding no stocks now.
"As copper prices stay at a high level, we decide to raise our EXW price coefficient for copper concentrate to 93.5% in May. Now there are already clients accepting the new price coefficient," said a producer in Yunnan, adding that in April his price coefficient for total sales of 600 metal tons of copper concentrate was 92%. Considering that copper cathode prices are expected to still fluctuate at a high level in early May, the producer believed that mainstream price coefficients for Chinese copper concentrate would also remain firm at the high level.
With an annual production capacity of 12,000 metal tons of copper concentrate with copper, gold and silver content at 24%min, 50-60g and 600-700g respectively, the producer produced around 600 metal tons in April, basically unchanged from March, and holds no stocks now.
