SHANGHAI, Nov. 6 (SMM) - TCs of domestic zinc concentrate (50%) were stable at 5,300-5,500 yuan per tonne (zinc content) this past week, with TCs of imported zinc concentrate (50%) at $180-200 per dry metric tonne (DMT), according to SMM data.
SMM understands most zinc smelters in North China have little interest in hoarding stocks for winter production currently because of sufficient inventories. There are mines delaying commissioning of build-out against sluggish zinc prices, and some mines have intentions to cut output.
Profit from imported zinc concentrate expanded 90 yuan to 570 yuan per tonne (zinc content) above domestic ore this week, SMM calculates.
“TCs of domestic zinc concentrate will hold stable in the near term due to healthy supply.” an SMM zinc analyst says. Ore supplies from North China will decline in the winter season.
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