Refinery production reduction and overhaul December Zinc Ingot supply and demand tight balance Zinc Price or maintain interval concussion [selection of SMM Zinc Weekly report]

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

In terms of zinc in Shanghai, first of all, let's talk about the main reasons for stimulating zinc prices this week. Guangxi Yusheng and Southwest Energy Mine were officially put into production in November, and Hulunbuir Chihong also officially resumed production on November 16. these two news have further raised market expectations for December production, and their own surplus expectations for December have also further increased. However, the daily output of Shuangyan will be reduced by 200 tons on Friday due to environmental problems, and the duration is unknown; Hunan Sanli will be overhauled for two months in December, affecting the output of 5000 tons of zinc ingots in a single month. It will bring supply and demand back to a tight balance in December. In view of the current situation, from November to December, zinc ingot inventory is likely to be difficult to get out of the continuous accumulation pool, and the pessimistic expectations of the market will also be corrected. On the other hand, it is estimated that the profit and loss dividing line of zinc price in the smelter is around 22300 yuan / ton, which will provide support. On the whole, zinc prices will return to the fluctuating price range. It is expected that Shanghai zinc will run at 22500-23500 yuan / ton, while the domestic spot price of Shanghai zinc will rise about 20,400 yuan / ton in December.

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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: a medium-sized smelter in Inner Mongolia officially resumed production of a regenerated zinc plant in Guizhou in November.

Zinc concentrate market: co-existence of domestic refinery resumption and reduction supply-side changes exceed market expectations

Refinery dynamics

Imported zinc market

Zinc market forecast next week: refinery production reduction and overhaul December zinc ingot supply and demand return to tight balance into range shock market

Review of Zinc City

Zinc plating

Die casting zinc alloy

Zinc oxide

[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