Some smelters reduced production amid power curtailment in Yunnan, tight supply situation of zinc concentrate eased

SHANGHAI, Mar 18 (SMM) — Zinc concentrate TCs across the various regions in China remained stable last week. Some smelters have begun to negotiate imported zinc concentrate for Q3. It is understood that quotes of M+3, 50 grade standard zinc concentrate stood at $65-75/dmt, with positive transactions. But orders of imported zinc concentrate signed by smelters were less than Q2 as the seasonal domestic mines were resuming production, domestic TCs stopped falling and stabilised and smelters preferred to buying domestic products. Imports remain as the market focus. Zinc concentrate supply tightened in Yunnan amid the lack of imported zinc concentrate. Some smelters in this region reduced output due to power restrictions in Yunnan, alleviating the tight supply situation. Mainstream market prices still stood at 3,500 yuan/mt in metal content.