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A major zinc smelter in Inner Mongolia will halt production for a month
Feb 27,2020 12:08CST
industry news
Source:SMM
A large-scale zinc smelter in Inner Mongolia suspended operations on the afternoon of Wednesday February 26 in response to some incidents, according to sources

SHANGHAI, Feb 27 (SMM) – A large-scale zinc smelter in Inner Mongolia suspended operations on the afternoon of Wednesday February 26 in response to some incidents, according to sources. 


The shutdown is expected to last for a month. Annualised refined zinc production capacity of the smelter is around 140,000 mt. 

 

The news will lift short-term market sentiment, but overall weak fundamentals may continue to cap any upsides in zinc futures. The most-traded SHFE 2004 contract extended increase from the previous two days and ended Thursday’s session 0.06% higher at 16,460 yuan/mt. 

 

SMM estimates a decline of 10,000 mt in China’s production of refined zinc in March, with some producers planning to end maintenance and recover production. 

 

 

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