TCs for Chinese zinc concentrate to edge down
2024-04-24 08:30:44 [Print]
BEIJING (Asian Metal) 24 Apr 24 – Most sellers of zinc concentrate have intention to decrease TCs for zinc concentrate due to tight supply. Insiders predict that the mainstream TCs for Chinese zinc concentrate would edge down in the coming week. The current mainstream TCs for Chinese zinc concentrate 50%min stand at RMB3,300-3,500/metal ton (USD455-482/metal ton) delivered D/P, stable from early last week.
"We plan to decrease TCs for zinc concentrate 50%min by about RMB100/metal ton (USD14/metal ton) in early May considering tight supply", a producer in Guangxi noted. They sold about 1,000 metal tons of zinc concentrate with TC at RMB3,700/metal ton (USD510/metal ton) EXW D/P in early April, while they sold about the same quantity with TC at RMB4,100/metal ton (USD565/metal ton) EXW in early March. They anticipate that the mainstream TCs for zinc concentrate would edge down in the coming week.
Based on an annual production capacity of 25,000 metal tons of zinc concentrate, the producer would produce about 2,200 metal tons in April, in line with last month. They produced nearly 9,000 metal tons so far in 2024 and about 21,000 metal tons in 2023. They hold no inventory presently, on par with late last month.
Another producer in Hebei predicts that the mainstream TCs for zinc concentrate would decrease further in the coming week considering that most sellers have intention to decrease TCs due to tight supply. "We sold about 5,500 metal tons of zinc concentrate 50%min with TC at RMB3,300/t (USD455/metal ton) EXW D/P late last week", said the producer, who sold zinc concentrate with TC at RMB4,100/metal ton (USD565/metal ton) EXW in late March.
With an annual production capacity of 60,000 metal tons of zinc concentrate, the producer would produce about 5,500 metal tons in April, up by about 3,500 metal tons from March. They achieved an output of about 17,000 metal tons in the first four months and almost 64,000 metal tons in 2023. They hold no stocks presently, stable from late last month.
"We plan to decrease TCs for zinc concentrate 50%min by about RMB100/metal ton (USD14/metal ton) in early May considering tight supply", a producer in Guangxi noted. They sold about 1,000 metal tons of zinc concentrate with TC at RMB3,700/metal ton (USD510/metal ton) EXW D/P in early April, while they sold about the same quantity with TC at RMB4,100/metal ton (USD565/metal ton) EXW in early March. They anticipate that the mainstream TCs for zinc concentrate would edge down in the coming week.
Based on an annual production capacity of 25,000 metal tons of zinc concentrate, the producer would produce about 2,200 metal tons in April, in line with last month. They produced nearly 9,000 metal tons so far in 2024 and about 21,000 metal tons in 2023. They hold no inventory presently, on par with late last month.
Another producer in Hebei predicts that the mainstream TCs for zinc concentrate would decrease further in the coming week considering that most sellers have intention to decrease TCs due to tight supply. "We sold about 5,500 metal tons of zinc concentrate 50%min with TC at RMB3,300/t (USD455/metal ton) EXW D/P late last week", said the producer, who sold zinc concentrate with TC at RMB4,100/metal ton (USD565/metal ton) EXW in late March.
With an annual production capacity of 60,000 metal tons of zinc concentrate, the producer would produce about 5,500 metal tons in April, up by about 3,500 metal tons from March. They achieved an output of about 17,000 metal tons in the first four months and almost 64,000 metal tons in 2023. They hold no stocks presently, stable from late last month.
