TC of Copper Concentrate: $1 Lower than Last Week

It is reported that a senior executive of China Minmetals Corporation on Tuesday called for the establishment of a joint organization of Chinese zinc smelters to negotiate with miners on zinc concentrate supply and pricing in the light of the existing joint negotiation group on copper raw materials in China. "We want to build a healthier market," he said. “The aim of this proposal is for Chinese zinc smelters to agree on a TC benchmark price for zinc concentrates in the future. We need more support from smelters now. "

Read-through of SMM Monthly PMI

Base Metals Diverge on Rising Supply and Delayed Demand Pickup

China's Elimination on Excess Capacity in Steel Continue to Act Positively

China’s Supply-Side Reform Continues to Reduce Capacity, Resulting in Lower Supply Marginal Elasticity vs. 2017

This week's update: Pay attention to SHFE Zinc

Where Will Steel Prices Go under the Long-and-Short Game?

SMM Morning Comments

SMM Evening Comments

SMM assessed imported copper concentrate treatment charges (TCs) at $74-86/mt as of Friday February 2, unchanged from a week ago as holiday mood kicked in.