SHANGHAI, Jul. 3 (SMM) – Some Chinese zinc smelters hiked TCs due to more supplies and less desire for ores, SMM understands.
Zinc Prices to Strengthen This Week, SMM Foresees
TCs in Yunnan, Inner Mongolia and Guangxi increased 50-300 yuan per tonne (zinc content) last week. Deals made below 3,800 yuan per tonne (zinc content) were fewer.
Zinc Inventories Pull back in China Major Markets, SMM Reports
TCs of domestic zinc concentrate (50%) were mainly traded at 3,900-4,400 yuan per tonne (zinc content) last week, according to SMM data. TCs for imported zinc concentrate (50%) were traded at $55-60 per dry metric tonne (DMT).
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