Fastmarkets assessed zinc concentrate TCs at $215-250 per tonne on February 22 from $210-240 per tonne in January, which reflects the gap between the low volumes of trader and smelter purchasing.
A tender for 18,000 tonnes of Casapalca zinc concentrates was said to be awarded at TCs of $169 per tonne, cif China equivalent, although several market sources noted that the cargo would be delivered by truck to a Peruvian smelter, netting terms back closer to $210 per tonne.
Meanwhile, smelters bought clean concentrates above $240 per tonne in deals reported to Fastmarkets. Many are bidding at TCs above $250 per tonne for clean concentrates, while some deals were reported at around $300 per tonne for complex material.
The market is still waiting for a surge in spot business following the Lunar New Year holidays, but despite attractive spot terms for concentrates, Chinese smelters are yet to return to the market in a...