SHANGHAI, Sept. 2 (SMM) - Some mines in Hebei will suspend production for about two weeks due to the parade in Beijing, but this will give little affect on local zinc concentrate supply, SMM says.
“Zinc concentrate supply in North China has been healthy, so the halts will not affect supply there”, said one SMM zinc analyst.
TCs of domestic zinc concentrate will hold stable as supply is sufficient as a whole. There has been a large inflow of imported zinc concentrate, despite supply tightness in some regions.
Domestic zinc concentrate (50%) TCs were stable at 5,300-5,400 yuan per tonne (zinc content) this week, with some quotes lower at 5,200 yuan, according to SMM data.
TCs of imported zinc concentrate (50%) remained steady at $200-210 per dry metric tonne (DMT). Profit from imported zinc concentrate was down to 760 yuan per tonne (zinc content) above domestic zinc concentrate, SMM calculates.
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