SHANGHAI, May 26 (SMM) - China’s zinc concentrate imports hit a 20-month low of 147,000 tonnes in April, down 23.77% month-on-month and 36.82% year-on-year, according to China Customs.
Low TCs of imported ore are limited shipments from overseas are the most import reasons for the decline, SMM says.
“Losses from imported ore averaged 1,100 yuan per tonne compared with domestic ore in March. On the supply side, closure at the Century mine and Glencore’s output cut significantly reduced overseas shipments." one SMM zinc analyst says.
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