Trade, according to the Chinese mould net chow, said three Chinese spot copper concentrate processing and refining fee (TC/RCs) surged 30% over the past months, and is expected to rise further, for the case of the downturn in China purchasing copper concentrate increased supply.
 
         Refining processing fee (TC/RCs) paid by the overseas sale to China copper smelter, and from the London metal exchange (LME) copper deducted on the basis of the final sale price. Copper smelting factory when supply increase or operating capacity declines, refining processing fee.
 
        "There are sellers in the market, but the Chinese to buy much," an international trading company declined to be named traders said.
 
         "Global output improvement, market supply is no longer shortage. India and Japan, who was not involved in the market, the sale of spot copper concentrate only is China."
 
          Smelters in China this week and last week to accept some imported copper concentrate, TC/RCs in $65 a tonne, 6.5 cents per pound, the highest level for years, and higher than August posted a $50 per ton, 5.0 cents per pound.
 
           The level is higher than the year contract 60 - $63.5 per ton of the cargo, 6-6.35 cents per pound.