Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard lower than $5/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0-2/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $1-2/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at negative $/mt, July loading, producer to trader, M+1 or M+4 at buyer's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2-5/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at single digit $/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $3/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $2/mt, July loading, trader to smelter, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Sierra Gorda tender heard at $minus 4 to 5/mt, 2025 loading, producer to trader, M+4, 40kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at around $5/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, traded during the week of May 1according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $-17/mt, July loading, producer to trader, M+1 or M+4 at buyer's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $5/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $0/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2-5/mt, June/July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $2-3/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $3-5/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $3-4/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $0-2/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0-2/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $5/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $3-5/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: road transported copper concs traded heard at $20s/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Super clean tradable heard at $2/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: KCC tender heard on May 9, June loading, producer to trader, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $3-4/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $3-4/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0-1/mt, July loading, producer to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $3-4/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $2/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $0-2/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at negative $/mt, 2025 loading, producer to trader, M+1 or M+4 at buyer's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2-3/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $5/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, high impurities, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: blended copper concs tradable heard at $5/mt, July loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $3/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $6-7/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs bid heard at $4/mt, June loading, trader to smelter, M+1 or M+5 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Constancia tender heard on May 8, 2024-2026 loading, producer to trader, 30kt per year, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $2/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at $0-2/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: High As copper concs traded heard at $30/mt, May-June loading, producer to trader, M+1, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Buenavista tender heard on May 8, June loading, producer to trader, 10kt, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Caraiba tender heard on May 8, 2024-2026 loading, producer to trader, 40kt for 2024, 120kt each for 2025 and 2026, according to market source
Platts 25% Cu Copper Concentrate, CIF China: super clean heard done heard at $2/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0/mt, July loading, producer to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $5/mt, H2 2024 loading, trader to smelter, M+1 or M+4 at buyer's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at minus $10s/mt, July loading, producer to trader, M+1 or M+4 at buyer's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at minus $10s/mt, July loading, producer to trader, M+1 or M+4 at buyer's option, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2.5/mt, July loading, trader to smelter, M+1 or M+4 at seller's option, according to smelter source
Platts assessed CIF China clean copper concentrate treatment and refining charges at minus $2.40/mt and minus 0.24 cent/lb, respectively, May 10, both down $1.10/mt and 0.11 cent/lb, respectively, from May 9.
Platts assessed producer-to-trader copper concentrate TC/RC differentials at minus $6.30/mt and minus 0.63 cent/lb, respectively, May 10, both up 20 cents/mt and 0.02 cent/lb, respectively, from May 9.
"Sellers were concerned about uncertainties in the second half of 2024; they were willing to conclude more tonnages at above zero," a trader said.
Uncertainties concern mainly come on the back of potential production cut by smelters and tight cashflow amid negative production margin.
"Some northern China smelters might not be able to open letter of credit on time, and cargoes will be diverted to the other smelters in the end," a seller said.
Smelters with low long-term contracts coverage have reduced production, and a smelter was preparing to resell June-July loading shipment on change in production plan, market sources said.
"It contributes to a more stabilized TC market this week," a trader said.
Tradeable values were heard at $2-$5/mt on M+5 pricing basis, and a wider gap was heard between bids and offers.
More traders started to ask for M+5 pricing instead of M+4 in spot sales, encouraged by wider contango and higher cost to buy from producers.
"If we don't sell on M+5 pricing basis, we can't make breakeven," a trader said.
The spread between October and November was at $27/mt on May 9, which is equivalent to $4.3/mt on a TC basis.
Some sellers started to offer July shipments and firm offers were heard at $2/mt on M+4 pricing basis.
Sulfuric acid prices picked up slightly in Yunnan and Mongolia, smelters can enjoy marginal profit from acid sales.
"But most smelters can only make breakeven for sulfuric acid sales despite this being the peak demand season," a source said.
Sierra Gorda tender was heard concluded at negative $4-$5/mt for 2025 loading, 40,000 mt in total.
Platts is part of S&P Global Commodity Insights.