Spot TCs for Chinese zinc smelters dip to $70-$90/mt in Nov as concentrate supply tightens
Hong Kong (Platts)--30 Nov 2016 1250 pm EST/1750 GMT
Spot treatment charges for Chinese zinc smelters dipped to $70-$90/mt in November from $80-$90/mt in October, as supply of zinc concentrate tightened globally, Chinese brokerage Ruida Futures, based in Xiamen City, said in its report on the zinc sector Wednesday.
In August and September, TCs were higher at $100-$110/mt and $90-$100/mt, respectively.
Meanwhile, TCs for domestic zinc concentrate in November were in the Yuan 4,200-4,400/mt ($610-$639/mt) range, averaging Yuan 4,300/mt ($625/mt), down Yuan 200/mt from October, the brokerage data showed.
TCs, the fees paid to smelters by miners, for converting zinc concentrate into refined zinc, are a main source of revenue for smelters.
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