China Zinc Concentrate TCs Seen Fall Further

Published: Jul 15, 2016 09:25
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. 


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
China sulphuric acid index falls for nine consecutive weeks with a widening decline; domestic sulphur trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]
9 mins ago
China sulphuric acid index falls for nine consecutive weeks with a widening decline; domestic sulphur trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]
Read More
China sulphuric acid index falls for nine consecutive weeks with a widening decline; domestic sulphur trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]
China sulphuric acid index falls for nine consecutive weeks with a widening decline; domestic sulphur trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]
China sulphuric acid index falls for nine consecutive weeks with a widening decline; sulphur domestic trade rebounds from lows, while sulphuric acid outside China stops falling and stabilizes [SMM Sulphuric Acid Weekly Review]
9 mins ago
Downstream Caution Amid High Prices Reduces Inquiries, Spot Trading Sentiment Sluggish During the Week [SMM Shanghai Spot Weekly Review]
20 mins ago
Downstream Caution Amid High Prices Reduces Inquiries, Spot Trading Sentiment Sluggish During the Week [SMM Shanghai Spot Weekly Review]
Read More
Downstream Caution Amid High Prices Reduces Inquiries, Spot Trading Sentiment Sluggish During the Week [SMM Shanghai Spot Weekly Review]
Downstream Caution Amid High Prices Reduces Inquiries, Spot Trading Sentiment Sluggish During the Week [SMM Shanghai Spot Weekly Review]
[Downstream cautious at highs with fewer inquiries; spot trading sentiment subdued this week]: This week, the average spot premium in Shanghai rose by 15 yuan/mt WoW. As of Friday this week, ordinary domestic brands were quoted at a discount of 50-40 yuan/mt against the 2610 contract, while the high-priced Shuangyan brand had no quotes against the 2610 contract.
20 mins ago
Zinc futures prices rose significantly, while spot premiums remained in the doldrums [SMM Ningbo Spot Weekly Review]
21 mins ago
Zinc futures prices rose significantly, while spot premiums remained in the doldrums [SMM Ningbo Spot Weekly Review]
Read More
Zinc futures prices rose significantly, while spot premiums remained in the doldrums [SMM Ningbo Spot Weekly Review]
Zinc futures prices rose significantly, while spot premiums remained in the doldrums [SMM Ningbo Spot Weekly Review]
[Zinc futures prices rise notably, spot premiums in the doldrums]: This week, Ningbo spot premiums consolidated, with the average price up 10 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2610 contract were quoted at a discount of 55 yuan/mt, and at a premium of 45 yuan/mt against the Shanghai premium.
21 mins ago
China Zinc Concentrate TCs Seen Fall Further - Shanghai Metals Market (SMM)