Last week, domestic zinc concentrate TCs in Hunan rose slightly. Some smelters have actively placed orders for the profitable imported zinc concentrate amid rising SHFE/LME zinc price ratio. Meanwhile, the current low sulphuric acid prices and lower zinc prices have reduced profit at smelters significantly.
Therefore, smelters maintained the current TCs rather than lowering TCs. The current zinc concentrate inventories at Lianyungang port remain low and stand at 90,000-100,000 mt
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