Refining charges (RCs) for seaborne blister copper again trended downsides in November to $125-135/mt on a cif basis, down $12.5/mt on the month, weighed by an appreciated Chinese yuan in the middle of the month. Monthly RCs for domestic blister copper, meanwhile, fell at a slower pace by 50 yuan/mt, to 1,000-1,200 yuan/mt in November, according to SMM assessments. Spot trades in the blister copper market were subdued last month as market participants awaited negotiation results of 2020 benchmark RCs from major copper smelters Jiangxi copper and China Nonferrous Metal Mining in early December. Raw material suppliers ... (full story)