SHANGHAI, Sept. 18 (SMM) - Some small and medium zinc mines in Guangxi will cut or suspend production for a week as use of explosive was restricted due to the China-ASEAN Expo held September 18-21, SMM reports.
Zinc concentrate supply in Sichuan’s Liangshan Prefecture grew due to higher operating rates at mines compared to the first half of the year, despite stringent environmental protection requirements there. Local zinc mines remain in operation whilst upgrading technology.
TCs of domestic zinc concentrate (50%) held stable between 5,300-5,400 yuan per tonne (zinc content) this past week, with some quotes at 5,200 yuan, according to SMM data. “With steady supplies, domestic zinc concentrate TCs should stay steady in the near term,” an SMM zinc analyst predicts.
TCs of imported zinc concentrate (50%) were $200-210 per dry metric tonne (DMT). Profit from imported ore rose 210 yuan to 960 yuan per tonne (zinc content) above domestic ore, SMM calculates.
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