"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 drag on consumption by environmental protection in Tianjin is not over, the domestic inventory has slightly increased, and the rising logic of taking consumption as the anchor has been tested. however, the policy-guided infrastructure consumption and the export improvement brought about by the recovery of overseas consumption have not failed, and the funds will wait and see carefully and sell short cautiously. Looking back to the supply side, the output of the smelter is expected to return to a high level in September. For domestic smelter production in the fourth quarter, the main restriction lies in the mine supply and the corresponding profit level. As the balance of domestic mines needs to be adjusted by imports, there is uncertainty as to whether the imported ore supply can improve as expected in the fourth quarter. Some smelters intend to take the lead in signing some winter storage supply contracts, and the winter storage demand is released ahead of schedule. Coupled with the low quoted price of imported mines, the mine supply side will provide lower support for zinc in the future. It is expected that the main zinc operation in the next cycle will be around 19500-20600 yuan / ton. It is expected that the spot price of zinc in Shanghai will rise by 90-160 yuan per ton in October. Lun Zinc may be in operation next week. In the range of 2440-2570 US dollars per ton.
Processing fees: this week, domestic smelters reduced processing fees to receive goods, zinc concentrate processing fees reduced. It is understood that at present, the price of the mainstream imported miners in the domestic market is US $100,120 / dry ton, which is further lower than that of the previous few weeks. out of concern about mineral supply in the fourth quarter, some domestic smelters have reduced zinc concentrate processing fees and started to make ore reserves for the fourth quarter ahead of schedule. In the last report, we mentioned that the price of domestic zinc concentrate processing fees in the fourth quarter is about to enter an inflection point. Judging from the current situation, smelters have begun to prepare for winter storage. Domestic zinc concentrate processing fees are expected to be cut across the board in October. As of Friday, the Lianyungang port warehouse of zinc concentrate has 114000 tons, which is still at a low level. Follow-up attention, mainstream traders spot and future shipping quotations.
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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: what is the impact of the implementation of the resource tax law on lead-zinc mine production today?
Zinc concentrate market: this week, domestic smelters cut processing fees, receive goods, and reduce zinc concentrate processing fees.
Import Zinc Market: RMB appreciation promotes narrowing of Import losses
Zinc market forecast next week: basic face storage support is expected to have limited downward space for zinc prices.
Review of Zinc City: the price of zinc rises and falls with the interweaving of multi-empty factors
Galvanizing: more than half of the enterprises in Daqiuzhuang, Tianjin have basically resumed production and will resume further next week.
Die-casting zinc alloy: the terminal order is stable and the peak season is expected.
Zinc oxide: bright performance of tire consumption zinc oxide starts steadily and rises
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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