Narrower Profit for Zinc Oxide Producers on Zinc Price Decline

Sep 25, 2015 17:09

Source:SMM

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.

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Narrower Profit for Zinc Oxide Producers on Zinc Price Decline

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