China Zinc Concentrate TCs Seen Fall Further

Published: Jul 15, 2016 09:25

Save

Domestic zinc concentrate TCs are expected to fall further in the near term due to ore supply tightness, SMM says.

SHANGHAI, Jul. 15 (SMM) – Domestic zinc concentrate TCs are expected to fall further in the near term due to ore supply tightness, SMM says.

A few mines in Guangxi, Sichuan and Yunnan slashed or suspended production due to heavy rains, SMM understands. Concentrate transportation was also slightly affected.

Losses from imported ore expanded 100 yuan to 1,600 yuan per tonne (zinc content) compared with domestic ore this past week, SMM calculates. Most zinc smelters refrained from buying imported goods now that TCs of imported ore were mostly around $ 100 per dry metric tonne (DMT).

TCs of domestic zinc concentrate (50%) were 4,800-5,100 yuan per tonne (zinc content) this past week. Those for imported zinc concentrate (50%) were $90-120 per dry metric tonne (DMT), with the low-end of $80.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

imported zinc concentrate TCs domestic zinc concentrate TCs TCs of domestic zinc concentrate zinc smelters

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

32 mins ago

China's Zinc Ingot Inventory Falls to 264,900 mt Across Seven Regions

[SMM Flash] According to SMM communication, as of Thursday (July 2), the total zinc ingot inventory across seven regions in China stood at 264,900 mt, down 11,100 mt from June 25 and down 4,400 mt from June 29, with China’s inventory decreasing.

32 mins ago

1 hour ago

[SMM Flash] ADNOC July Sulfur OSP Jumps to $1,000/mt, Hitting Record High

According to market sources, Abu Dhabi National Oil Company (ADNOC) sharply raised its sulfur official selling price (OSP) for the Indian subcontinent market in July 2026 to $1,000/mt (FOB Ruwais), up $140/mt from the June price. Other Middle Eastern suppliers' July contract prices: QatarEnergy $890/mt (FOB)

1 hour ago

2 hours ago

Fundamentals Are Mixed, SHFE Zinc Maintains Sideways Move [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2608 contract opened at 24,400 yuan/mt. At the beginning of the session, bears reduced positions, driving the price up to hit a high of 24,535 yuan/mt. However, bears then added positions, causing the futures to drift lower and touch a low of 24,305 yuan/mt. Towards the end of the session, the price edged up and then maintained a consolidating trend, finally closing down at 24,375 yuan/mt, down 25 yuan/mt, or 0.10%. Trading volume decreased to 60,970 lots, and open interest fell by 1,001 lots to 94,484 lots.

2 hours ago