As of April 30, the most-traded SHFE zinc contract closed at 23,645 yuan/mt, up 165 yuan/mt for the month, a gain of 0.7%. Zinc prices rebounded from lows in April, touching a low of 23,430 yuan/mt at the beginning of the month and a high of 24,515 yuan/mt at month-end, though the overall price center pulled back. Heading into May, with the tight domestic ore supply situation persisting, how will zinc prices perform?

As of April 24, the average domestic zinc concentrate TC dropped to 1,050 yuan/mt in metal content, and the imported zinc concentrate TC fell to -$36.13/dmt. Overall, zinc concentrate TCs continued to decline, with imported zinc concentrate TCs deepening further into negative territory. In May, domestic zinc concentrate TCs in multiple regions plan to further drop to three-digit levels.

As of April 3, the average domestic zinc concentrate TC dropped to 1,350 yuan/mt in metal content, and the imported zinc concentrate TC fell to -$14.5/dmt, with the import market once again entering negative territory. After Chinese New Year, domestic mines gradually resumed production — so why did zinc concentrate TCs decline again in April?

[Smelters Actively Procure Domestic Zinc Ore, China TCs Are Expected to Decline in April]: Weekly data showed that the average weekly SMM Zn50 domestic TC fell 200 yuan/mt Zn MoM to 1,350 yuan/mt Zn, while the SMM imported zinc concentrates index fell $12.22/dmt MoM to -$14.5/dmt...

SMM Analysis：As of January 30, the most-traded SHFE zinc contract closed at 25,835 yuan/mt, up 2,525 yuan/mt for the month, a gain of 10.83%. Zinc prices rose significantly in January, hitting a low of 23,410 yuan/mt early in the month and reaching a high of 26,985 yuan/mt by month-end, with the overall price center shifting notably higher. With the Chinese New Year holiday approaching, how will zinc prices perform in February......

【SMM Flash News】This week, domestic zinc concentrate TCs remained stable, while imported zinc ore TCs increased MoM. Specifically, the average weekly SMM Zn50 domestic TC remained unchanged MoM at 3,600 yuan/mt (metal content), and the SMM Imported Zinc Concentrate Index rose by $2.65/dmt MoM to $53/dmt.

[SMM Flash News] This week, domestic zinc concentrate TCs remained stable, while imported zinc ore TCs increased MoM. Specifically, the average weekly SMM Zn50 domestic TC remained unchanged MoM at 3,600 yuan/mt (metal content), and the SMM Imported Zinc Concentrates Index rose by $2.65/dmt MoM to $53/dmt.

[Smelters Continue to Execute Previous Contracts, Domestic TCs Remain Stable]: This week, domestic zinc concentrate TCs remained stable, while imported zinc concentrate TCs increased MoM. Specifically, the weekly average SMM Zn50 domestic TC price remained flat MoM at 3,600 yuan/mt (metal content), and the SMM imported zinc concentrate index rose by $2.65/dmt MoM to $53/dmt...

[SMM Analysis: Zinc Concentrate TCs Continue to Rise in June; What is the Current Situation of the Domestic Zinc Ore Market?] As of June 6, 2025, SMM's weekly domestic zinc concentrate TCs rose to 3,600 yuan/mt (metal content), and the SMM imported zinc ore index rose to $50.35/dmt, with overall TCs continuing to rise compared to May. Behind the sustained high production at smelters, why did zinc concentrate TCs rise in June? Let's analyze it from the supply side...

[Import Arrivals Coincide with Smelter Maintenance, TCs Continue to Rise in June]: Zinc concentrate TCs increased WoW. The average weekly SMM Zn50 domestic TC rose by 100 yuan/mt (metal content) WoW to 3,600 yuan/mt (metal content), while the average weekly SMM Zn50 imported TC remained flat WoW at $45/dmt...