[SMM data] domestic refined zinc production decreased by 5.77% in June compared with the same period last year, by 1.85% compared with the same period last year.

SMM7, March 7:

In June 2020, SMM China produced 465400 tons of refined zinc, down 1.85 percent or 8800 tons from the previous month, or 5.77 percent less than the same period last year. From January to June, the total refined zinc production was 2.867 million tons, a cumulative growth rate of 4.57% over the same period last year. In June, the sample alloy output of domestic refining zinc smelters was 66129 tons, down 5.53% from the previous month.

According to SMM research, the domestic refined zinc output in June is slightly lower than the expected value in May. In June, the overhaul and resumption of work and production increase of domestic refining zinc refineries coexist, among which the reasons for the reduction of refining zinc in June are as follows: planned maintenance of refineries in Shaanxi, Hunan and Anhui, in addition, refineries in Yunnan have reduced their daily output due to equipment failures and other factors. In terms of increment, a large refinery in Shaanxi has increased production one after another, while some refineries in Inner Mongolia and Yunnan have resumed production after overhauling.

In July, the stock level of raw materials in domestic smelters continues to rise. at present, the average stock of raw materials is about 28 days, and the shortage of zinc concentrate is regionally divided. on the whole, the shortage of zinc concentrate supply is basically alleviated. Domestic zinc concentrate processing fees are also rising month-on-month. According to SMM's schedule for each refinery in July, the increment mainly comes from the maintenance and restoration of refineries in Yunnan, Anhui, Inner Mongolia and other regions. Although refineries in Gansu and Inner Mongolia also have maintenance, the overall impact is relatively limited. It is expected that domestic refined zinc production will increase by 26400 tons to 491800 tons month-on-month in July.

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