Fastmarkets assessed the zinc spot concentrate TC, cif China
, at $70-85 per tonne on Friday February 26, stable since January 29, when it dropped to a two-and-a-half-year low.
Likewise, the lead spot concentrate TC, high silver, cif China
, was assessed at $85-105 per tonne on Friday, unchanged from the previous month’s range.
The corresponding assessment for lead spot concentrate TC, low silver, cif China
, also remained flat month on month, at $80-100 per tonne on the same day.
Spot zinc and lead tenders were scarce, with the Chinese market still emerging from the Lunar New Year holiday lull, but a major zinc smelter in Peru was understood to have finalized its 2021 annual supply contracts with two big suppliers at $120-150 per tonne on a carriage paid to (cpt) basis, which would be equivalent to around $90 per tonne on...