SHANGHAI, Jun. 5 (SMM) – TCs for domestic zinc concentrate in China’s market is expected to hold largely stable next week, Shanghai Metals Market foresees.
Sufficient supply as a whole, despite of a slight shortfall in south China, will leave TCs for domestic ore unchanged, SMM zinc analyst expects.
Some smelters in south China, including Jiangxi, Hunan, Sichuan and Yunnan, reported ore supply tightness, according to SMM survey of ore inventories at domestic major zinc smelters.
Favorable weather conditions and unit maintenance at some zinc smelters allow sufficient supply in north China, SMM reports.
This week, TCs for domestic zinc concentrate for Zn 50% were 5,300-5,500 yuan per tonne (zinc content), expanding profits up to 370 yuan per tonne (zinc content) for imported ore, with TCs at $210-220 per dry metric tonne (DMT) for 50% imported ore, SMM estimates.
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