Zinc TCs seen falling in '06 as concentrate tightness persists
Nov 07, 2005 | 01:17 PM
| Matthew Lerner
Benchmark zinc treatment charges (TCs) will likely dip below $100 per tonne in 2006 annual contracts as worldwide concentrate tightness persists with no relief in sight, sources said.
The earliest reports on the heels of London Metal Exchange Week suggest high double-digit figures, with one trader floating a charge of between $50 and $60 per tonne on the basis of an LME zinc price of $1,000 per tonne-a substantial retreat from last year's range of $125 to $130 per tonne.
"We started some discussions for the benchmark for next year" at the recent International Lead and Zinc Study Group meeting and at LME Week, the trader said. "We have not heard what the level will be, but they are going to be down significantly from last year's numbers."....
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