Some Chinese Zinc Smelters Witness Zinc Ingot Tightness, SMM Reports

Published: Aug 16, 2017 13:47

Save

Zinc ingot inventories at some Chinese zinc smelters are limited, they told SMM.

SHANGHAI, Aug. 16 (SMM) – Zinc ingot inventories at some Chinese zinc smelters are limited, they told SMM.

CNMC Signs MOU with Australia Zinc Explorer on Lead-Zinc Mine Project

Supplies from these zinc smelters were limited. Traders purchased actively, but their access to goods was difficult. Downstream buyers purchased modestly due to high zinc prices.

Spot Zinc Price Surges in Tianjin, Chihong Resources still Short of Demand, SMM Reports

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

zinc price zinc smelters zinc supply zinc ingot inventories

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

Shanghai Zinc: SHFE Zinc Futures Consolidate at Highs, Downstream Enterprises Remain Cautious [SMM Midday Commentary]

[Shanghai Zinc: SHFE Zinc Futures Prices Consolidate at Highs, Downstream Enterprises Remain on the Sidelines] Today, mainstream transaction prices were concentrated in the following ranges: #0 zinc (25,545-25,710 yuan/mt), Shuangyan (25,685-25,840 yuan/mt), and #1 zinc (25,475-25,640 yuan/mt). In early trade, offers were at a premium of 40-50 yuan/mt against the SMM average price, while no quotes against the futures contract were yet available...

1 hour ago

Ningbo Zinc: Downstream Enterprises Continue to Wait and See, Spot Zinc Trading Was Sluggish [SMM Midday Review]

[Ningbo Zinc: Downstream Enterprises Remain on the Sidelines, Spot Transactions Sluggish] In the Ningbo market, mainstream brand 0# zinc traded at 25,565–25,700 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 10 yuan/mt against the 2609 contract, and at a premium of 50 yuan/mt against Shanghai spot cargo. Ningbo region primarily quoted against the 2609 contract...

1 hour ago

Tianjin Zinc: Futures Consolidate at Highs, Downstream Cautious on High Prices [SMM Midday Review]

[Tianjin Zinc: Futures Consolidate at Highs, Downstream Cautious Purchasing] In the Tianjin market, #0 zinc ingot mainstream traded around 25,420-25,660 yuan/mt, Zijin traded at 25,550-25,740 yuan/mt, #1 zinc ingot traded around 25,420-25,600 yuan/mt. Zijin was quoted at a premium of around 10-30 yuan/mt against the 2609 contract, Huxin quoted at 26,810 yuan/mt, #0 zinc ingot was quoted at a discount of around 50-120 yuan/mt against the 2609 contract, and the Tianjin market was at a discount of around 85 yuan/mt against the Shanghai market.

1 hour ago