Treatment charges for both zinc and lead concentrates on a cif China basis were steady over the two weeks to Friday October 29, with little trade in either market.
The
zinc spot concentrate TC, cif China, was assessed at $75-88 per tonne on Friday, unchanged since one month earlier.
Clean cargoes were mostly sold in a narrow range of $80-85 per tonne, with prime brands remaining at the bottom of the range. Certain Chinese smelters were adopting a wait-and-see attitude to see if
plans by Nyrstar and Glencore to reduce output would boost international zinc concentrates processing charges.
"The news about Nyrstar and Glencore will have an effect, but we haven't seen it yet," one trader in Europe said, who also did not see active diversion of concentrates to the market.
"We were expecting the TC to go up,...