What is the Profit Profile for the Fourth Batch of Government Stockpiles of Zinc Ingots?

SHANGHAI, Oct 9 (SMM) - The public bidding of zinc ingots by the National Food and Strategic Reserves Administration commenced at 9:00 today.

The specifications of zinc ingots this time are mainly #0, which are the mainstream brands, including Zhuye, Chihong, Baiyin, Yuguang, Hong Ye and others. The sales of Zhuye and Baiyin account for over 50% of the total, which can meet the needs of various downstream producers. The transaction prices for some brands tracked by SMM are as follows:

#0 spot prices stood at 22,930 yuan/mt yesterday.