SHANGHAI, Jul. 31 (SMM) – SMM quotes for TCs were stable in August compared to July due mainly to ore supply tightness and higher profit at zinc smelters.
TCs of domestic zinc concentrate (50%) were mainly traded at 3,900-4,400 yuan per tonne (zinc content) last week, almost unchanged on a weekly basis, according to SMM data.
Zinc Inventories Add in China Major Markets, SMM Reports
TCs for imported zinc concentrate (50%) were traded at $50-60 per dry metric tonne.
Fundamentals to Keep Zinc Prices High This Week, SMM Foresees
Zinc ore supplies in some regions were still tight, underpinning TCs, SMM explained.
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