Narrower Profit for Zinc Oxide Producers on Zinc Price Decline

Published: Sep 25, 2015 17:09

Save

Zinc oxide producers using zinc slag as raw materials reported lower profit after the sharp drop in zinc prices.

SHANGHAI, Sept. 25 (SMM) -Zinc oxide producers using zinc slag as raw materials reported lower profit after the sharp drop in zinc prices.

“The plunge in zinc prices significantly weighed on zinc oxide prices and bit into producers’ profit,” explained an SMM zinc analyst. “The fall in zinc slag prices is less significant than that of zinc price,”

Prices of zinc slag from hot-galvanizing fell 5% in Tianjin and Hebei, down from 12,580-12,600 yuan per tonne early September to 11,900-12,000 yuan for now. Zinc prices declined 6.2%.

Some zinc oxide plants bought raw materials at lower prices this week, despite insufficient orders.

Prices of indirect zinc oxide plummeted to 13,900-14,400 yuan per tonne, according to SMM data.

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

zinc oxide output zinc oxide prices

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 to learn more information, please contact: lemonzhao@smm.cn

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