Zinc concentrate TCs to rise on smelters' cost concerns -Shanghai Metals Market

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Zinc concentrate TCs to rise on smelters' cost concerns

Price Review & Forecast 11:07:32AM Apr 23, 2018 Source:SMM

SHANGHAI, Apr 23 (SMM) – Zinc concentrate treatment charges (TCs) in China are likely to rise in the near term as supply shortage eases and as smelters are on the verge of making losses, SMM believes.

This comes despite the recovery in zinc futures prices last week as bearish sentiment ,from talk of the State Reserve Bureau’s destocking, eased.

Smelters’ profits have inched towards the negative territory as zinc prices fell and TCs remained at lows. Consumption of raw materials has also slowed down given more regular maintenances seen across Chinese smelters in April.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  zinc   zinc concentrate   TCs 

Zinc concentrate TCs to rise on smelters' cost concerns

Price Review & Forecast 11:07:32AM Apr 23, 2018 Source:SMM

SHANGHAI, Apr 23 (SMM) – Zinc concentrate treatment charges (TCs) in China are likely to rise in the near term as supply shortage eases and as smelters are on the verge of making losses, SMM believes.

This comes despite the recovery in zinc futures prices last week as bearish sentiment ,from talk of the State Reserve Bureau’s destocking, eased.

Smelters’ profits have inched towards the negative territory as zinc prices fell and TCs remained at lows. Consumption of raw materials has also slowed down given more regular maintenances seen across Chinese smelters in April.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  zinc   zinc concentrate   TCs