What is the Profit Profile for the Fourth Batch of Government Stockpiles of Zinc Ingots?

Published: Oct 9, 2021 13:32

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The public bidding of zinc ingots by the National Food and Strategic Reserves Administration commenced at 9:00 today.

SHANGHAI, Oct 9 (SMM) - The public bidding of zinc ingots by the National Food and Strategic Reserves Administration commenced at 9:00 today.

The specifications of zinc ingots this time are mainly #0, which are the mainstream brands, including Zhuye, Chihong, Baiyin, Yuguang, Hong Ye and others. The sales of Zhuye and Baiyin account for over 50% of the total, which can meet the needs of various downstream producers. The transaction prices for some brands tracked by SMM are as follows:

#0 spot prices stood at 22,930 yuan/mt yesterday.

zinc ingot government stockpiles bidding spot price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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