Fastmarkets' assessment of the zinc treatment charge (TC) was stable for a third time in a row on November 12, with a negative arbitrage and sufficient domestic production for winter stockpiles keeping Chinese smelters at bay.
The zinc spot concentrate TC, cif China was assessed at $75-88 per tonne on Friday, unchanged since September 24."There are barely any smelter purchases below $80 per tonne in the market," one trader in East China said. "Although some offers are still maintaining a level in...