Chinese copper concentrate prices up
2024-04-22 09:31:07 [Print]
BEIJING (Asian Metal) 22 Apr 24 - As copper cathode prices stay firm, prices for Chinese copper concentrate move up accordingly. Mainstream prices for copper concentrate in Xinjiang stand at RMB69,300-70,200/metal ton (USD9,571-9,696/metal ton) today, up by RMB700/metal ton (USD96.68/metal ton) from one day ago.
"We've maintained close cooperation with downstream smelters and agreed on a pricing coefficient of 89% delivered, and today we sold about 70 metal tons at around RMB70,100/metal ton (USD9,682/metal ton), while we sold 80 metal tons at RMB69,400/metal ton (USD9,585/metal ton) yesterday", said a producer in Xinjiang, adding that they produce copper concentrate grading 24%min Cu, 10%min S and 240g/t Ag.
With an annual production capacity of 8,400 metal tons, they suspended production in March and expect to produce about 200 metal tons in April, holding no stocks for the moment.
"We keep the pricing coefficient at 88.5% now and we sold 160 metal tons at around RMB69,350/metal ton (USD9,578/metal ton) today, after selling 60 metal tons at the same price one day ago," said another producer in Xinjiang, adding that they produce copper concentrate grading 17%min Cu, 20% S, 120g/t Ag and 3.6g/t Au, and they now have inventory of copper-molybdenum concentrate and copper-sulfur concentrate.
With an annual production capacity of 12,000 metal tons, they produced 400 metal tons in March and expect 500 metal tons in April, now holding inventory of about 2,000 metal tons.
"We've maintained close cooperation with downstream smelters and agreed on a pricing coefficient of 89% delivered, and today we sold about 70 metal tons at around RMB70,100/metal ton (USD9,682/metal ton), while we sold 80 metal tons at RMB69,400/metal ton (USD9,585/metal ton) yesterday", said a producer in Xinjiang, adding that they produce copper concentrate grading 24%min Cu, 10%min S and 240g/t Ag.
With an annual production capacity of 8,400 metal tons, they suspended production in March and expect to produce about 200 metal tons in April, holding no stocks for the moment.
"We keep the pricing coefficient at 88.5% now and we sold 160 metal tons at around RMB69,350/metal ton (USD9,578/metal ton) today, after selling 60 metal tons at the same price one day ago," said another producer in Xinjiang, adding that they produce copper concentrate grading 17%min Cu, 20% S, 120g/t Ag and 3.6g/t Au, and they now have inventory of copper-molybdenum concentrate and copper-sulfur concentrate.
With an annual production capacity of 12,000 metal tons, they produced 400 metal tons in March and expect 500 metal tons in April, now holding inventory of about 2,000 metal tons.
