China Zinc Concentrate TCs Remain Stable in December, with TCs for Imported Ore Down

SHANGHAI, Nov. 27 (SMM) - TCs of domestic zinc concentrate for December remain stable at 5,300-5,400 yuan per tonne (zinc content) in December, according to SMM quotes on November 25. TCs for imported zinc concentrate fall $10 to $170-190 per dry metric tonne (DMT).

A large number of mines in Inner Mongolia will cut or halt production soon, SMM understands. Inner Mongolia’s Rongda Mining Co. and Yindu Mining Co. will cease operation in late November.

“Zinc concentrate supplies for mines in Inner Mongolia and North China are now sufficient, though, leaving local TCs of domestic zinc concentrate high.”said an SMM zinc analyst.

Profit from imported ore fell 330 yuan to 400 yuan per tonne (zinc content) above domestic ore this week, SMM calculates. Cargo holders of imported goods held their quotes firm, but zinc smelters were reluctant to accept lower TCs of imported ore, leaving trade quiet. Market players majorly implemented contracts signed previously.

TCs of domestic zinc concentrate (50%) stabilized at 5,300-5,500 yuan per tonne (zinc content) this past week. TCs for imported zinc concentrate dropped $10 to $170-190 per dry metric tonne (DMT), or as low as $165, according to SMM data. 

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