Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at minus $15-20/mt, H2 2024 loading, producer to trader, M+1 or M+4 at buyer'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: High As copper concs/Clean spreads tradable heard at $45/mt, July loading, trader to smelter, 1% As, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2/mt, July loading, trader to smelter, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at minus $10/mt, July loading, producer to trader, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at BM minus 40%-50%/mt, 2025 loading, producer to trader, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Pinto Valley heard done heard at BM minus 40%, 2026/2027 loading, producer to trader, gold payable a below 1g apply, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Pinto Valley heard done heard at around minus $10/mt, 2025 loading, producer to trader, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Pinto Valley heard done heard at $around minus 10/mt, 2025 loading, producer to trader, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $1-3/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 tradable heard at $2/mt, July loading, trader to smelter, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $0-2/mt, July loading, producer to smelter, M+4, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $BM minus 40%-50%/mt, 2025 loading, producer to trader, according to market source
Platts 25% Cu Copper Concentrate, CIF China: High As copper concs/Clean spreads tradable heard at $45/mt, July loading, trader to smelter, 1% As, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2/mt, June-July loading, trader to smelter, M+21or M+4, seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at negative $/mt, 2024 loading, producer to smelter, M+1 or M+4, seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs offer heard at negative $/mt, June-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 heard done at $0/mt, 2024 loading, producer to smelter, M+2 or M+4, seller's option, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2-4/mt, June 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 $2-3/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 tradable heard at $1-4/mt, June 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 traded heard at $3.5/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: Escondida tender heard at $2/mt, June loading, producer to smelter, M+3, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Escondida tender heard at minus $10.5/mt, June loading, producer to trader, M+3, according to market source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs traded heard at $10/mt, May loading, trader to smelter, M+1 or M+5 at seller's option, 3kt, container, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2/mt, June 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, 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: Very clean copper concs tradable heard at $1/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 $1-3/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 $1/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: Blended copper concs tradable 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 tradable heard at $4-5/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 indicative offer heard at $1/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 traded 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: Clean copper concs offer heard at flat, July 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 offer heard at negative, June 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 tradable heard at $1-2/mt, June loading, trader to smelter, M+1 or M+4 at seller's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: non-standard clean tradable heard at single digit, June 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 $0/mt, July, 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, 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 minus $10s/mt, June-July loading, producer to trader, M+1 or M+4 at buyer's option, according to trader source;
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at minus $15-17/mt, H2 loading, producer to trader, M+1 or M+4 at buyer's option, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs indicative offer heard at $0-1/mt, July, 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 indicative offer heard at $0-1/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 $0-1/mt, June loading, producer to smelter, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $minus 8-9/mt, June loading, producer to trader, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $10s/mt, 2025 loading, producer to smelter, M+4, according to smelter source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $2-4/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 tradable heard at $1.5-2/mt, June loading, producer to smelter, M+3, according to trader source
Platts 25% Cu Copper Concentrate, CIF China: Clean copper concs tradable heard at $1-2/mt, June loading, producer to smelter, M+3, according to smelter source
Platts assessed CIF China clean copper concentrate treatment and refining charges at minus 1.80/mt and minus 0.18 cents/lb, respectively, May 3, down by $1.30/mt or 0.13 cent/lb, respectively, from May 2.
Platts assessed producer-to-trader copper concentrate TC/RC differentials at minus $6.30/mt and minus 0.63 cent/lb, respectively, May 3, up by $1.30/mt and 0.13 cent/lb, respectively, from May 2.
Tradable values were heard at $4/mt for July-loading clean copper concs, trader to smelter, M+1 or M+5 pricing at the seller's option, which is normalized to minus $1.80/mt by considering a $36.50/mt contango between October and December on an M+3 pricing basis.
Tradable values were also heard at $2/mt for July-loading shipment on M+1 or M+4 pricing at the seller's option, which is normalized to minus $1.70/mt by considering a $23.07/mt contango between October and November on an M+3 pricing basis.
“Smelters were not so active in placing enquiries,” a supplier said.
Market participants are questioning about the possibility of changes in smelters' production plan in the second half of the year, as they observe big shortages from smelters while TCs are low.
While the tight supply situation is continuing and the Indonesia exportation ban will take into place in May, sources were concerned that low TCs could continue for the rest of the year.
Meanwhile, traders showed great interest to lock in volume for loading over 2025, while miners also showed interest to book some cargoes at the current low TC level.
A total of 100,000 mt of Pinto Valley was heard traded at around minus $10/mt through a private negotiation for cargoes loading over 2025.
It was also heard traded at the benchmark minus 40% for cargoes loading over 2026 and 2027, with gold payable applied at below 1g.
Some bilateral deals heard done at benchmark minus 40% to 50% from producers to traders for cargoes loading 2025.
Platts is part of S&P Global Commodity Insights.