Sufficient supply, smelters' purchase reluctance takes zinc TCs to highest since Sept 2020

The upward trend in zinc treatment charges (TCs) continued in the fortnight to Friday January 14, with several headwinds combining to propel zinc TCs to their highest level in 16 months.

Fastmarkets assessed zinc spot concentrate TCs, cif China, at $90-120 per tonne on Friday January 14, up by $12-20 per tonne from $78-100 per tonne on December 31.

A trader in Europe noted "a distinct lack of interest in zinc concentrates", due mainly to smelters in China having ample sufficient stocks to keep their operations running until at least the Lunar New Year holidays at the end of...

Published

Ana de Liz

Yiwen Ju

January 14, 2022

15:21 GMT

London, Shanghai