January Zinc Concentrate TC Negotiation Peak: Weekly Zinc Concentrate TCs Continue to Rise [SMM Zinc Concentrates Weekly Review]

Published: Jan 3, 2025 15:32

Save

[January Zinc Concentrate TC Negotiation Peak, Weekly Zinc Concentrate TC Continued to Rise]: This week, domestic zinc concentrate TCs increased. Specifically, the weekly average domestic TC for SMM Zn50 rose by 100 yuan/mt (metal content) MoM to 1,950 yuan/mt (metal content), while the weekly average imported TC for SMM Zn50 remained unchanged at -$20/dmt.

SMM, January 3:

This week, domestic zinc concentrate TCs increased. Specifically, the weekly average TC for SMM Zn50 domestic ore rose by 100 yuan/mt (metal content) MoM to 1,950 yuan/mt (metal content), while the weekly average TC for SMM Zn50 imported ore remained flat at -$20/dmt. By region, TCs increased by 50-200 yuan/mt across various areas this week, with Inner Mongolia and north-east China maintaining relatively high levels nationwide.

In the spot market, this week marked the peak negotiation period for January zinc concentrate TCs. Domestic TCs in several regions rose by 350-400 yuan/mt MoM compared to December, showing a significant increase. For imported ore, although recent zinc ore quotes at ports have risen to around 2,200 yuan/mt, smelters still exhibited some caution toward imported ore, with overall procurement leaning toward domestic ore. Supply side, the continuous arrival of imported zinc ore at ports recently has further improved spot market liquidity. Additionally, the raw material inventory days at domestic smelters rebounded to approximately 27 days in December, reaching typical historical levels. This alleviated raw material pressure significantly, supporting the upward trend in domestic zinc concentrate TCs.

This week, SMM zinc concentrate inventory at China's main ports totaled 342,300 mt, up by 42,300 mt WoW, reflecting a notable increase in overall inventory.

》Subscribe to view SMM historical spot metal prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 hours ago

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

18 hours ago

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

18 hours ago

19 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

19 hours ago