The price of copper for three-month delivery on the London Metal Exchange (LME) was at $8,967 a tonne.
On the Shanghai Futures Exchange, copper futures were at 74,220 yuan/ton, up 140 yuan/ton from the previous trading day.
The average spot spread/discount was RMB25/mt, down RMB50/mt from the previous trading day. Secondary copper prices remained unchanged month-on-month.
With the implementation of the new policy approaching, some secondary copper raw material suppliers are concerned that prices may be suppressed by secondary copper bar mills after the Lunar New Year, according to a survey by experts at the Shanghai exchange.
Many suppliers have been actively selling their secondary copper materials to reputable mills. Some mills have reportedly purchased nearly 60 truckloads of secondary copper materials due to concerns about overstocking and have issued stop-buying notices.
Smelter representatives at a meeting of the China Metallurgical Mills Purchasing Group in the Shanghai trading hub reached an agreement on new guidance for copper concentrate processing and refining (TC/RC) charges of $25/mt, down 28.6% from the fourth-quarter guidance of $35/mt.
TC/RC, a major source of revenue for smelters, is a measure of the availability of copper concentrate used in the production of refined copper.
Fees tend to decrease as ore supply decreases and increase as more concentrates become available.
However, the quarterly guidance rate is higher than the 2025 annual benchmark of $21.25/t agreed between Chilean miner Antofagasta and leading Chinese smelters including Jiangxi Copper earlier this month.
Many attendees said they did not have much demand for spot copper because they had adequate supplies or planned equipment maintenance, two sources said.
Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-27-12-giu-gia-ban.html
Comment (0)