SMM4 8 / PRNewswire-Firstly
In March 2020, the output of SMM refined zinc in China was 464200 tons, an increase of 2.48% over the previous month and 2.67% over the same period last year. SMM research sample capacity of 6.085 million tons. In addition, in March, the output of sample alloy in domestic refining zinc smelter was 68700 tons, an increase of 1.68% over the previous month, of which the output of hot-dip galvanized alloy was 48500 tons.
According to the SMM survey, the domestic refined zinc production in March is basically in line with the expectation of month-to-month increment. In March, refineries in Inner Mongolia, Gansu and Qinghai entered routine maintenance one after another, affecting the precipitation of certain output, but at the same time, some refineries that reduced production in February due to the shortage of raw materials and ceased production during the Spring Festival resumed production in March one after another. The output of refined zinc fluctuated in March, so the domestic output increased by 2% in March compared with the previous month.
In April, according to SMM, overseas epidemic fermentation led to the suspension of production of mines and refineries in Peru, South Africa, and other regions. Due to their low stock of raw materials, domestic refineries are now worried about the supply of long-term imported minerals. In addition, domestic mines have only produced and not sold because of price and other factors. Recently, domestic and imported zinc ore processing fees have been rapidly reduced. As of April 3, the national 50 grade domestic zinc concentrate processing fee is 5800 yuan / metal ton. The processing fee for imported zinc concentrate is US $230 / dry ton, and this week, the domestic minimum import TC has reached US $200 / dry ton. Some refineries may start maintenance plans ahead of time because of tight mine supply and other problems. From the production schedule in April, domestic refineries are still mainly in Hunan, Inner Mongolia and Shaanxi, while refineries are overhauled or concentrated in May to June. To sum up, Domestic refined zinc production is expected to increase by 15900 tons to 480100 tons in April compared with the previous month.
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