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 to learn 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

41 mins ago

[SMM Flash] Kuwait Petroleum Corporation (KPC) set the June Kuwait Sulfur Price (KSP) at FOB $805/mt, up $40/mt.

[SMM Flash] Kuwait Petroleum Corporation (KPC) set the June Kuwait Sulfur Price (KSP) at FOB $805/mt, up $40/mt from $765/mt in May.

41 mins ago

1 hour ago

Fundamentals Show Mixed Signals, SHFE Zinc Hovers at High Levels [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2607 contract opened at 24,860 yuan/mt. At the beginning of the session, SHFE zinc surged upward and touched a high of 24,995 yuan/mt. Subsequently, bulls took profits and exited, causing the price to pull back and explore a low of 24,830 yuan/mt. During the session, the price rebounded amid short covering, and closed slightly higher near the daily average line at the end of the session. It finally closed up at 24,915 yuan/mt, up 115 yuan/mt, or 0.46%. Trading volume declined to 50,122 lots, and open interest decreased by 273 lots to 101,000 lots.

1 hour ago

LME zinc recorded a small bearish candlestick with wild swings in price [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: LME Zinc Posted a Small Bearish Candlestick as Prices Saw Wild Swings]: Overnight, LME zinc opened at $3,598/mt. Early in the session, it quickly touched a high of $3,607.5/mt, before pulling back. By midday, LME zinc surged above the daily average line but pulled back again and dipped to $3,568/mt. After European trading began, LME zinc swung higher, recouping most of its losses, and finally closed down at $3,595/mt, down $8.5/mt, a decline of 0.24%. Trading volume fell to 85,820 lots, and open interest increased by 434 lots to 231,000 lots.

1 hour ago