China’s Wenzhou Zinc Die-Casting Alloy Producers to Stop Production, Dragging Down Zinc Prices

Published: Jan 6, 2015 10:05

Save

Most of zinc die-casting alloy producers in Wenzhou, Zhejiang Province plan for earlier-than-usual production halts due to poor orders and cash crunch, Shanghai Metals Market learns.

SHANGHAI, Jan. 6 (SMM) – Most of zinc die-casting alloy producers in Wenzhou, Zhejiang Province plan for earlier-than-usual production halts due to poor orders and cash crunch, Shanghai Metals Market learns.

The production suspension at some producers is expected to continue into the Lantern Festival on March 5, lasting for two months, according to SMM survey, revealing few producers stopped production in late December.

“The sluggish property market significantly affected our orders,” the surveyed producers told SMM.

Waning demand, combined with inflows of imported zinc and supply increases by smelters at high prices, is expected to curb zinc price gains, SMM foresees.

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

zinc price China die-cast zinc alloy producer operating rate smm survey

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Price spread between futures contracts once exceeded 800 yuan; downstream purchases were quiet, and spot premiums fell sharply [SMM South China spot copper]

1 hour ago

Wider price spread between futures contracts drags down purchases; spot discounts in North China expand [SMM North China spot copper]

In North China today, spot #1 copper cathode against the front-month contract was quoted at a discount of 200-120 yuan/mt, with an average discount of 160 yuan/mt, down 70 yuan/mt from the previous trading day. The average transaction price was 108,745 yuan/mt, down 3,155 yuan/mt from the previous trading day.

1 hour ago

【Flash | Peru’s June Molybdenum Output Rises 5.4% YoY, H1 Total Falls 4.5%】

Peru’s Ministry of Energy and Mines (MINEM) reported molybdenum production of 3,029 tonnes in June 2026, up 6.5% MoM and 5.4% YoY. H1 output totaled 18,777 tonnes, down 4.5% YoY. Sociedad Minera Cerro Verde produced 943 tonnes in June, up 76.1%, while Anglo American Quellaveco produced 479 tonnes, up 25.6%. Southern Peru Copper Corporation’s output declined 16.0% to 1,065 tonnes. Gains at Cerro Verde and Quellaveco supported the monthly rebound, although cumulative supply remained below last year.

1 hour ago