Metals & Mining, Non-Ferrous
July 01, 2026
Platts publishes outright price calculations for clean copper concentrate producer-trader TC/RCs
Platts, part of S&P Global Energy, has launched daily outright price calculations for clean copper concentrate producer-trader treatment charges and refining charges (TC/RCs), effective July 1.
Industry feedback has indicated a preference for outright TC/RCs as being more directly reflective of how they are expressed by the market.
The new calculations reflect the sum of Platts existing CIF China Clean Copper Concentrate TC/RC assessments and Producer-Trader TC/RC Differentials to them. The CIF China Clean Copper Concentrate TC/RC assessments reflect the market-clearing price between producers and smelters.
The calculations use the following formulae:
Calculated Clean Copper Concentrate Producer-Trader TC (CCPTT00) = The existing Clean Copper Concentrate CIF China TC (PCCCB00) plus the existing Clean Copper Concentrate Producer-Trader Treatment Charge Differential (PCCCG00).
Calculated Clean Copper Concentrate Producer-Trader RC (CCPTR00) = The existing Clean Copper Concentrate CIF China RC (PCCCC00) plus the existing Clean Copper Concentrate Producer-Trader Treatment Charge Differential (PCCCH00).
Platts has also backfilled the calculations using the formulae above to Dec. 1, 2021, when the Treatment Charge and Refining Charge Differentials were launched.
The calculations reflect the following specifications:
| Assessment Name | Symbol | Type | Quality | Quantity | Incoterm | Timing | Payment |
| Clean Copper Concentrate Producer-Trader Treatment Charge | CCPTT00 (Weekly Avg CCPTT04; Monthly Avg CCPTT03) | Calculation |
Cu 25%, Au 1 g/mt, Ag 80 g/mt, S 32%, Fe 28%, Pb 0.1%, Zn 1%, As 0.2%, Sb 0.02%, Hg 2.5 ppm, Bi 150 ppm, F 330 ppm |
Min 5,000 mt | CIF North China main ports | Loading 1–3 months forward | L/C at sight |
| Clean Copper Concentrate Producer-Trader Refining Charge | CCPTR00 (Weekly Avg CCPTR04; Monthly Avg CCPTR03) | Calculation |
Cu 25%, Au 1 g/mt, Ag 80 g/mt, S 32%, Fe 28%, Pb 0.1%, Zn 1%, As 0.2%, Sb 0.02%, Hg 2.5 ppm, Bi 150 ppm, F 330 ppm |
Min 5,000 mt | CIF North China main ports | Loading 1–3 months forward | L/C at sight |
The new outright price calculations and associated weekly and monthly averages are published in Platts Nonferrous Metals Alert on pages MTL/PMA0304, in Platts Metals Daily, and in the Platts price database.
Platts first proposed to publish the new outright price calculations for copper concentrate producer-trader treatment charges and refining charges April 2 in a subscriber note available here. The feedback period was extended to May 15 in the following subscriber note, published April 29 and available here. The decision to publish was communicated in a subscriber note published June 3, available here.
Platts assessment methodologies can be found here. Details of Platts suite of copper assessments can be found here.
Please send any comments or questions to platts_asia_copper@spglobal.com and pricegroup@spglobal.com.
For written comments, please indicate clearly if comments are not intended for publication. Platts will consider all feedback received and will make comments not marked as confidential available to the public upon request.