Nyrstar increases hedge selling for expected zinc production

Industry News 05:32:42PM Nov 21, 2016 Source:SMM

SHANGHAI, Nov. 21 (SMM) - Nyrstar is increasing hedge selling for expected zinc output to evade downward pressure for zinc prices, wenhua.com reported.

The company sold hedge for 70% of expected zinc production in Q1 this year, it said last Thursday, or 8,000 tonnes of zinc each month. It thus locked selling price for zinc product at $2,127-2,496 per tonne.

Zinc prices have climbed 15% over the past 12 months because of limited new capacity and sliding inventories. 

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. 

Relative News

Nyrstar increases hedge selling for expected zinc production

Industry News 05:32:42PM Nov 21, 2016 Source:SMM

SHANGHAI, Nov. 21 (SMM) - Nyrstar is increasing hedge selling for expected zinc output to evade downward pressure for zinc prices, wenhua.com reported.

The company sold hedge for 70% of expected zinc production in Q1 this year, it said last Thursday, or 8,000 tonnes of zinc each month. It thus locked selling price for zinc product at $2,127-2,496 per tonne.

Zinc prices have climbed 15% over the past 12 months because of limited new capacity and sliding inventories. 

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.