Tongling Nonferrous Shutting Down 20 to 30 percent of its Smelting Capacity, Likely to Aid the Negotiation of Annual TC/RC

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. "

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?

The floor price of copper concentrate's treatment charge (TC) for the second quarter of 2018 fell to a low from 2014

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.

Currently smelters and mining traders have not met after CESCO with great difference of opinions before next meeting, according to SMM research.

Last week see a stable tendency for imported copper concentrates market. With all parties waiting progress of LME Week, up to last Friday, TC of SMM Spot offers at $85-93 per tonne.

After the holiday see a slightly dull market of copper concentrates with little transaction. But stock traders still keep a high quotation. Up to this Friday spot TC of SMM is $84-91 per tonne.