Refined Zinc Output will Grow with End of Maintenance and Easing Power supply

SHANGHAI, May 9 (SMM) - SMM predicts that domestic refined zinc output in May will grow 19,800 mt to 559,800 mt, an increase of 8.65% year-on-year; the cumulative output from January to May will reach 2.67 million mt, an increase of 7.51% year-on-year. The completion of routine maintenance and the easing power supply in Yunnan will bring the output back to the normal level. There may be maintenance in Shaanxi and Henan and SMM will continue to follow up. Some secondary zinc smelters in Hunan have reduced the production. But the in-plant inventory has increased month-on-month as smelters are willing to ship amid falling zinc prices in April and May.