SHANGHAI, Jan. 29 (SMM) – TCs of domestic zinc concentrate (50%) were stable at 5,300-5,400 yuan per tonne (zinc content) for February, and those for imported zinc concentrate (50%) fell $10 to $140-160 per dry metric tonne (DMT), according to SMM quotes on January 25.
SMM understands some mines in North China lowered TCs of domestic zinc concentrate by 100 yuan per tonne (zinc content). Domestic zinc mines still lack interest in production due to poor zinc prices.
Profit from imported ore contracted 350 yuan and turned to losses of 320 yuan per tonne (zinc content) compared with domestic ore, SMM calculates. Trading of imported ore was lackluster due to falling TCs, nearing of 2016 Chinese New Year holiday and significant volatility in yuan’s exchange rate. TCs of imported zinc concentrate were as low as $100 per dry metric tonne (DMT) by overseas mines.
TCs of domestic zinc concentrate (50%) were stable at 5,300-5,500 yuan per tonne (zinc content) this past week, and those for imported zinc concentrate (50%) fell further to $130-150 per dry metric tonne (DMT), according to SMM data.
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