SHANGHAI, Aug. 7 (SMM) - China’s domestic zinc concentrate TCs are expected to fall due to persistent supply tightness in some regions and expected stocks replenishment by smelters for winter production in the near term, SMM foresees.
Most mines sold normally on cash tightness, though some mines continued to hold back goods on sluggish zinc prices. Qinghai Southern Mining completed technology upgrading, with mining and dressing capacity raised to 2,500 tonne per day. Inner Mongolia’s Aerhada Mining suspended in July due to power restrictions, but has restarted.
TCs of domestic zinc concentrate (50%) were 5,300-5,400 yuan per tonne (zinc content, price to factory) this past week, or as low as 5,200 yuan, SMM data show.