SHANGHAI, Jun. 26 (SMM) – Chinese Zinc smelters intend to hike TCs for next month due to cash tightness, SMM understands.
TCs of domestic zinc concentrate (50%) were mainly traded at 3,900-4,400 yuan per tonne (zinc content) last week, according to SMM data. Domestic zinc concentrate TCs in China were almost unchanged.
TCs for imported zinc concentrate (50%) were traded at $55-60 per dry metric tonne (DMT).
Operating rates at some mines were low, but purchases by zinc smelters were also quiet, SMM said.
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