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

1 min ago

Zinc Ingot Inventory Rises in China Across Seven Regions Monitored by SMM

【SMM Flash News]】According to SMM communication, as of Monday (June 8), total zinc ingot inventory across seven regions tracked by SMM was 265,700 mt, up 1,100 mt from June 1 and up 1,600 mt from June 4, with China's inventory rising.

1 min ago

1 hour ago

【SMM Flash】ADNOC Hikes June Sulphur OSP to $860/t FOB Ruwais, an All-Time High

SMM understands that Abu Dhabi National Oil Company (ADNOC) has raised its June 2026 official selling price (OSP) for sulphur to $860/t FOB Ruwais for the Indian subcontinent market, up by $100/t from May. This marks the highest OSP on record, surpassing the previous peak seen in Q2 2008. The extreme supply tightness in the Middle East, driven by ongoing geopolitical disruptions, continues to underpin the bullish market sentiment. Other Middle East suppliers‘ June contract prices: QatarEnergy at $805/t FOB; Kuwait KPC at $805/t FOB.

1 hour ago

2 hours ago

Bearish Macro Sentiment, SHFE Zinc Declined [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2607 contract opened at 24,815 yuan/mt. In early trading, SHFE zinc surged to a high of 24,870 yuan/mt, before bulls took profits and prices pulled back. Towards the close, it dipped to a low of 24,640 yuan/mt, finally closing up at 24,695 yuan/mt, down 85 yuan/mt or 0.34%. Trading volume decreased to 59,844 lots, and open interest fell by 748 lots to 96,892 lots.

2 hours ago