Smelters continue to execute previous contracts, with domestic TCs remaining stable [SMM Zinc Concentrates Weekly Review]

Published: Jun 13, 2025 15:22

Save

[Smelters Continue to Execute Previous Contracts, Domestic TCs Remain Stable]: This week, domestic zinc concentrate TCs remained stable, while imported zinc concentrate TCs increased MoM. Specifically, the weekly average SMM Zn50 domestic TC price remained flat MoM at 3,600 yuan/mt (metal content), and the SMM imported zinc concentrate index rose by $2.65/dmt MoM to $53/dmt...

SMM News on June 13:

This week, the TCs for domestically produced zinc concentrates remained stable, while the TCs for imported zinc concentrates increased WoW. Specifically, the weekly average SMM Zn50 domestic TC price remained flat WoW at 3,600 yuan/mt (metal content). The SMM Imported Zinc Concentrate Index rose by $2.65/dmt WoW to $53/dmt.

In the spot ore market, as it was mid-month, domestic smelters continued to execute previously signed contracts this week, with limited new purchases. As a result, the TCs for domestically produced zinc concentrates remained stable. For imported zinc concentrates, the unfavorable SHFE/LME price ratio led to the continuous closure of the import window. Offers for domestically imported zinc concentrates and zinc concentrates transferred from ports to domestic trade were very limited. Additionally, domestically produced zinc concentrates had a price advantage, so smelters primarily purchased domestically produced zinc concentrates. Trading activity for imported zinc concentrates was sluggish this week. In terms of specific transactions, domestic smelters and traders recently concluded deals for Bisha zinc concentrates with a Q3 shipment period, totaling 10,000 mt, at a transaction TC of around $50/dmt. It was also learned that offers for Q3 shipments of South American zinc concentrates in containers were around $70/dmt this week, and the TCs for imported zinc concentrates continued to rise. Furthermore, overseas zinc concentrates from mines such as Dugald River, New Century, and Black Mountain were tendered this week, all with a Q3 shipment period and tender volumes of around 10,000 mt each. SMM will continue to monitor the disclosure of subsequent tender results.

This week, the total inventory of zinc concentrates at SMM's main ports in China was 335,000 mt, a decrease of 10,500 mt WoW, indicating a slight reduction in port zinc concentrate inventory.

》Subscribe to view SMM's historical spot metal prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Geopolitical Disruptions Combined with Trade Disturbances Drive SHFE and LME Prices Higher [SMM Market Review - Zinc Price Weekly Commentary]

[Geopolitical Disruptions Combined with Trade Disturbances, SHFE and LME Both Rise] At the beginning of the week, LME zinc was closed due to the UK bank holiday. Subsequently, signs that the US-Iran ceasefire agreement remained in effect eased inflation concerns and upward pressure on interest rates. Combined with supply disruptions outside China, these factors jointly supported the rise of LME zinc. Meanwhile, the US dollar index continued to decline, and inventories outside China fell consecutively, further supporting LME zinc's upward move......

11 hours ago

No Significant Production Cuts at Smelters in May, Zinc Concentrate TCs Continue to Decline [SMM Zinc Concentrates Weekly Review]

[No Significant Production Cuts at Smelters in May; Zinc Concentrate TCs Continued to Decline]: Based on weekly data, the SMM Zn50 domestic weekly average TC fell 150 yuan/mt Zn WoW to 700 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $6.5/dmt WoW to -$45.75/dmt.

11 hours ago

Zinc Oxide Production Relatively Stable but Enterprise Profit Margins Narrow [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Relatively Stable but Enterprise Profit Margins Narrow] Currently, the overall demand in the zinc oxide industry was relatively stable, but market price involution was prominent. Meanwhile, some enterprises saw rising production costs due to production processes and increased raw material costs, while product selling prices were suppressed by market competition, leaving limited upside room...

11 hours ago