At the same time, Chinese tariffs on United States-origin metal concentrate shipments could disrupt flows of such material to the Asian nation. China announced early last month that it will apply an import tariff of 25% on zinc concentrate and a rate of 10% on lead concentrate originating from the US.
Metal Bulletin assessed spot zinc concentrate TCs at $80-95 per tonne cif Asia Pacific on Friday August 31, up from $65-75 per tonne on July 27.
In China’s domestic market, terms are also sharply on the rise; zinc TCs climbed to 4,100-4,200 yuan ($600-615) per tonne for delivery to northern China in August, from 3,600-3,800 yuan per tonne a month earlier. TCs for delivery to smelters in southern China were up to 4,000-4,100 per tonne from 3,400-3,600 yuan in the same comparison.
Some Chinese smelters have responded to the higher domestic terms by increasing their orders for imported zinc concentrate, ending the...