Penalty points

摘要

Mantos Blancos terms were 32-33/dmt dollars and 3.2-3.3 cents/lb, with a QP of M (month of shipment) on the parcel for prompt despatch, leaving very little for the buyer to make up on the contango. With production holding up well, Antamina remains a regular visitor to the market and is believed to have sold recently. Terms are thought to have been in the very low 30s/3s dollars, though with bismuth penalties to make the deal a little more palatable to the buyer.