SHANGHAI, Jun. 26 (SMM) - TCs of imported zinc concentrate (50%) should fall $ 2.5 to $ 200-215 per dry metric tonne (DMT) in July on growing demand, Shanghai Metals Market foresees.
"Strong demand from zinc smelters and supply tightness in South China, including Hunan, Sichuan and Guangxi will grow demand for imported zinc concentrate”, SMM zinc analyst explains.
Rising profit from imported ore also increased buying of imported goods, SMM added. Profit from imported zinc concentrate expanded 30 yuan to 550 yuan per tonne (zinc content) above that from domestic zinc concentrate this past week.
Domestic zinc concentrate TCs will hold stable at 5,300-5,500 yuan per tonne (zinc content) in July, SMM predicts.
TCs of domestic zinc concentrate (50%) were 5,300-5,500 yuan per tonne this past week, and those for imported zinc concentrate (50%) slid to $ 200-215 per dry metric tonne (DMT), SMM data show.
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