[Smelters' Purchase Willingness Remains Low, Processing Fees Continue to Rise]: Weekly zinc concentrate TCs continued to increase, with the SMM Zn50 domestic weekly TC average up 150 yuan/mt (metal content) MoM to 2,750 yuan/mt (metal content), and the SMM Zn50 imported weekly TC average up $5/dmt MoM to $20/dmt...
SMM February 14 News: Weekly zinc concentrate TCs continued to rise. The weekly average TC for SMM Zn50 domestic zinc concentrates increased by 150 yuan/mt (metal content) WoW to 2,750 yuan/mt (metal content), while the weekly average TC for SMM Zn50 imported zinc concentrates rose by $5/dmt WoW to $20/dmt. In the spot market, zinc smelters showed low purchase willingness for raw materials this week, with a strong sentiment to stand firm on quotes for TCs. Regarding imported ore, some traders raised their quotes to facilitate sales, leading to a slight increase in imported zinc concentrate TCs, though overall market transactions remained limited. This week, zinc ore inventory at ports exceeded 400,000 mt, maintaining a loose supply pattern. Meanwhile, smelters, with relatively high raw material inventories, procured limited zinc ore in February. Some traders, aiming to sell, continued to raise their zinc concentrate TC quotes, sustaining the upward trend in domestic zinc concentrate TCs in certain regions this week. This week, SMM zinc concentrate inventory at China's main ports totaled 419,500 mt, up 45,400 mt WoW, with port zinc ore inventory increasing slightly. 》Subscribe to view SMM historical spot metal prices
