TCs for Zinc Concentrate to Hold Stable on Healthy Supply, SMM Says-Shanghai Metals Market

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TCs for Zinc Concentrate to Hold Stable on Healthy Supply, SMM Says

SMM Insight 11:37:00AM Jun 05, 2015 Source:SMM

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. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

TCs for Zinc Concentrate to Hold Stable on Healthy Supply, SMM Says

SMM Insight 11:37:00AM Jun 05, 2015 Source:SMM

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. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.