On 30 March 2023, the CSPT held its quarterly meeting and fixed the spot TC floor price of copper concentrate at US $90 / dry ton for Q2 2023. 1Q2023 CSPT spot TC guidance at $93 / dry ton.
In the first quarter of 2023, the supply of copper concentrate was affected by the rapid increase of interference rate of copper mines in Chile, Peru, Indonesia, Panama and other overseas places. However, the raw material inventory of Chinese refineries was high in the first quarter, and intensive maintenance began in the second quarter, and the planned feed amount of copper concentrate decreased, which offset the impact of supply side interference to some extent. Spot TC started the year slowly down from the mid - $80 level, reached a low near the mid - $70 level in mid-March and then began to rebound. Mysteel Standard Clean Mine Copper Concentrate TC $80.1 / dry ton on March 29, 2023.
In February 2023, Mysteel standard clean mine copper concentrate TC 77.0-80.3 USD/dry ton, with an average price of 79.0 USD/dry ton, a decrease of 3.9% month-on-month and an increase of 21.5% year-on-year. Mysteel copper concentrate spot prices were $2,161-2,283 / dry ton, with an average price of $2,210 / dry ton (grade 26%), up 0.7% month-on-month and down 10.4% year-on-year.
