2010 November Zn Imports and Exports Data Analysis-Shanghai Metals Market

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2010 November Zn Imports and Exports Data Analysis

Data Analysis 05:02:47PM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27 (SMM)--

Zinc concentrate:
China Customs recently released nonferrous metal import and export data for November.  Imports of zinc concentrate were 282 kt during November, down 1.3% MoM, and YTD zinc concentrate imports from January to November were 2.986 million mt, down 13.2% YoY.  SMM believes zinc concentrate imports were down MoM in October and November for two reasons.  First, since goods ordered in May and July were delivered in August and September, import data for 4Q reflects actual imports for the spot month.  Second, TC of imported zinc concentrate averaged USD 120/mt during October and USD 130/mt during November, unfavorable for imports.  In addition, zinc concentrate importers preferred spot transactions to long-term contracts due to fluctuating zinc prices, influencing monthly zinc concentrate imports.

Refined zinc:
According to nonferrous metal import and export data from China Customs, refined zinc imports for November were 23,000 mt, up 3% MoM.  YTD zinc imports in November were 288 kt, down 55.7% YoY.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn


 

2010 November Zn Imports and Exports Data Analysis

Data Analysis 05:02:47PM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27 (SMM)--

Zinc concentrate:
China Customs recently released nonferrous metal import and export data for November.  Imports of zinc concentrate were 282 kt during November, down 1.3% MoM, and YTD zinc concentrate imports from January to November were 2.986 million mt, down 13.2% YoY.  SMM believes zinc concentrate imports were down MoM in October and November for two reasons.  First, since goods ordered in May and July were delivered in August and September, import data for 4Q reflects actual imports for the spot month.  Second, TC of imported zinc concentrate averaged USD 120/mt during October and USD 130/mt during November, unfavorable for imports.  In addition, zinc concentrate importers preferred spot transactions to long-term contracts due to fluctuating zinc prices, influencing monthly zinc concentrate imports.

Refined zinc:
According to nonferrous metal import and export data from China Customs, refined zinc imports for November were 23,000 mt, up 3% MoM.  YTD zinc imports in November were 288 kt, down 55.7% YoY.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn