[selected SMM Weekly report] short-term contradiction between supply and demand supports that zinc price is easy to rise but difficult to fall.

"SMM Zinc Industry chain Weekly report" released, the weekly report SMM will select the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.

The following is an excerpt from the weekly report of the zinc industry chain:

The zinc market predicts next week: as far as Shanghai zinc is concerned, the supply of domestic zinc mines is gradually relaxed, and the processing fee of about 300 yuan per ton recorded in August has risen, and the superimposed zinc price has brought profits. At present, the smelter has made considerable profits, but the refinery still has routine maintenance disturbances in August. Silver non-ferrous, Yuguang, and Zijin continue to be overhauled. The maintenance volume in Huayuan, Hunan is expected to be released in early August, and the profit-driven increase in output has not yet landed on the ground. The growth of domestic refined zinc supply is expected to be limited in the short term. The import window has been closed for nearly two months, import replenishment has gradually decreased, and social inventory has continued to decline in July. While the consumption performance is stable, medium-and long-term expectations are more optimistic, driven by the contradiction between supply and demand in the short term, it is expected that zinc will still be strong in the vicinity of 18400-19500 yuan / ton next week. Due to the tight supply of goods in circulation, the spot discount on the Shanghai stock market is expected to remain around 30-100 yuan / ton before import inflows are replenished. Lun Zinc is expected to operate in the range of 2250-2380 US / ton next week.

Processing fees: zinc concentrate processing fees in various regions have risen one after another this week, and the raw material inventory of smelters is at a relatively high level. According to SMM research, the inventory of zinc concentrate in Lianyungang has dropped to 110,000 physical tons this week. It is understood that at present, the prices of mainstream imported miners in the domestic market are still concentrated at US $160,170 / dry ton. Compared with the price of domestic trade mines, imported zinc concentrates have completely lost their advantages. It is expected that domestic trade mines will force the import of lead processing fees to rise in the short term. In terms of domestic zinc prices, with the acceleration of domestic zinc prices, the production profits of mines and smelters are better. The willingness of the mine to ship goods is strong. In the negotiations on zinc ore processing fees in August, the zinc concentrate processing fees in various regions are generally increased by 200,000 yuan per metal ton, but there is a great pressure on the zinc concentrate processing fees in Yunnan and Shaanxi.

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Catalogue of "SMM Zinc Industry chain Weekly report" in this issue

Main points of this weekly report: processing fees, import profit and loss inventory

Hot spots in the zinc industry: imports of zinc concentrate fell sharply in June compared with the previous month, and imports of zinc mines in Peru fell sharply.

Zinc concentrate market: zinc concentrate processing fees in various regions have risen one after another this week. Smelter raw material inventory is at a relatively high level.

Refinery dynamics

Imported zinc market: internal strength, external weakness, price revision, loss narrowing.

Zinc market predicts next week: short-term contradiction between supply and demand supports that zinc prices are easy to rise but difficult to fall.

Review of Zinc City: strong willingness of funds to do long Zinc prices in the two cities have risen sharply

Galvanizing: some areas are still affected by the rainy season and flood conditions, and the overall order is warmer than in the previous period.

Die-casting zinc alloy: zinc ingot price rising rapidly rigid demand purchase of die-casting zinc alloy factory

Zinc oxide: zinc oxide performance is stable, zinc price is high, purchase is cautious.

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[China Zinc Industry chain High-end report] SMM exclusive monthly survey of zinc industry chain report, covering from zinc concentrate to zinc primary consumer operating rate and supply and demand profile. And announce the exclusive monthly zinc concentrate, refined zinc balance, continue to track the industry entity enterprises, update data. And through the supply and demand situation and data model to make a simple prediction of the future trend of zinc. "View details