Will Zinc Prices Lurch Lower on Growing Supply? SMM Interviews-Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Aluminium
  • Copper scrap
  • Rare earth
  • Zinc
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Copper
  • provisional iron ore export permits
  • Futures movement
  • Market commentary
  • Evening comments
  • Operating rates

Will Zinc Prices Lurch Lower on Growing Supply? SMM Interviews

Industry News 03:54:26PM Aug 26, 2014 Source:SMM

SHANGHAI, Aug. 26 (SMM) – Will growing output at Chinese zinc smelters put a downward pressure on zinc prices? Shanghai Metals Market’s interview with analysts at domestic futures companies reviews the following insights. 

“Recent correction in zinc market was because of growing output at domestic zinc smelters”, one analyst told SMM in the interview, noting some smelters are running at full operating rate, while those not in full rate are restarting the idled capacities following strong zinc prices. 

But, any downward room for zinc price will be limited, he added.  
 
Another analyst in our interview also echoed his views, adding worries over ore supply and environment protection inspections in China will continue to underpin zinc prices.   
 
LME zinc registered a gain of 13.63% since the beginning of the year, the biggest since 2009, and SHFE zinc also gained by 10.04% during the same period. 
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Will Zinc Prices Lurch Lower on Growing Supply? SMM Interviews

Industry News 03:54:26PM Aug 26, 2014 Source:SMM

SHANGHAI, Aug. 26 (SMM) – Will growing output at Chinese zinc smelters put a downward pressure on zinc prices? Shanghai Metals Market’s interview with analysts at domestic futures companies reviews the following insights. 

“Recent correction in zinc market was because of growing output at domestic zinc smelters”, one analyst told SMM in the interview, noting some smelters are running at full operating rate, while those not in full rate are restarting the idled capacities following strong zinc prices. 

But, any downward room for zinc price will be limited, he added.  
 
Another analyst in our interview also echoed his views, adding worries over ore supply and environment protection inspections in China will continue to underpin zinc prices.   
 
LME zinc registered a gain of 13.63% since the beginning of the year, the biggest since 2009, and SHFE zinc also gained by 10.04% during the same period. 
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.