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

47 mins ago

Rainy Season Arrives, Galvanizing Demand Weakens [SMM Galvanizing Weekly Review]

[Rainy Season Arrives, Galvanizing Demand Weakens]: This week, the operating rate of the galvanizing industry was 53.51%, down 1.05 percentage points WoW. From the raw material side, zinc prices consolidated and rebounded this week, downstream purchasing enthusiasm weakened, wait-and-see sentiment was relatively strong, and they mainly drew down raw material inventories, leading to a decline in zinc ingot inventories at galvanizing enterprises.

47 mins ago

49 mins ago

Tianjin Region Premiums Decline[SMM Tianjin Zinc Spot Weekly Review]

[Decline in premiums in Tianjin]: Spot premiums in Tianjin fell this week, down 5 yuan/mt WoW. As of this Friday, China's ordinary brands were quoted at discounts of around 60-130 yuan/mt against the 2608 contract, high-end brands at discounts of around 0-10 yuan/mt against the 2608 contract, and the Tianjin market was quoted at a discount of around 50 yuan/mt against the Shanghai market. The price spread between Shanghai and Tianjin widened.

49 mins ago

1 hour ago

The SHFE/LME zinc price ratio drops to around 6.8 and consolidates [SMM Zinc SHFE/LME Price Ratio Weekly Review]

[SHFE/LME Price Ratio Drops to Around 6.8 and Consolidates]: This week, the SHFE/LME price ratio pulled back to around 6.8 and consolidated, and the zinc ingot export window opened intermittently. Outside China, expectations for US-Iran negotiations heated up, expectations for US Fed interest rate cuts improved, and, coupled with continued LME inventory destocking, LME zinc performed relatively strong.

1 hour ago