In October, the domestic copper smelting industry as a whole maintained stable production. The output is significantly reduced by the impact of enterprise maintenance. Affected by the reduction of capacity utilization during the National Day holiday, the supply of crude copper and scrap copper is tight, which inhibits the effective release of some production capacity, and the production release of new production capacity can be formed in October is very limited, resulting in copper production in October, although the year-on-year growth is significant, it is difficult to increase month-on-month.
In October, the spot TC price of copper concentrate fluctuated between 85.2-90.6 US dollars/ton, and at the end of the month, it fluctuated around 85.2 US dollars/ton. Copper concentrate processing fees in October continued to fall on the basis of the previous month, the overseas supply of copper concentrate remained stable, the transport capacity remained normal, and the overall copper concentrate supply was stable.
