April 24 Zinc Guangdong brands rise and paste water

According to SMM research, most galvanising enterprises resumed production between the tenth day (February 26) and the sixteenth day (March 4) of the first lunar month. Small and medium-sized enterprises generally resumed operations after the Lantern Festival (March 2), with an average holiday duration of around 21 days.

As of February 27, the SMM Zn50 domestic weekly TC average price rose by 50 yuan/mt in metal content from the pre-holiday level to 1,550 yuan/mt in metal content. According to SMM, as the Chinese New Year holiday ended, domestic mines gradually resumed production. Meanwhile, imported zinc concentrates previously ordered by smelters continued to arrive, leaving domestic smelters' raw material inventory relatively ample. Consequently, processing fees in some domestic regions increased for March.

It was reported that recently, large inland areas of South Australia, parts of the Northern Territory, Queensland, and New South Wales were hit by heavy rainfall. The Bureau of Meteorology warned that widespread storms would persist, flood warnings were issued for many areas, and freight traffic was disrupted in some regions. Affected by this, ore transportation in Australia was recently impacted to some extent, and the recovery time is currently unknown.