Depressed Zinc Concentrate Offers Squeeze Smelter Margins, Dampen Trading Activity

Published: Jul 10, 2026 18:17

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[Imported Zinc Concentrate Market] This week, traders maintained import zinc concentrate offers at depressed levels, with most quotations remaining in negative triple-digit territory. However, the continued decline in both domestic and international TCs further squeezed smelter margins, leaving Chinese smelters reluctant to accept imported concentrate priced at negative triple-digit TCs. Consequently, trading activity in the imported zinc concentrate market remained subdued throughout the week.

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