Zinc Output in November Rose 4.05% MoM

SHANGHAI, Dec 8 (SMM) - China's refined zinc output stood at 519,500 mt in November, up 20,200 mt or 4.05% on the month but down 7.61% on the year. 

The combined output from January to November stood at 5.57 million mt, up 0.41% year on year. Alloy output at domestic refined zinc smelters in SMM survey sample registered 77,000 mt in November, up 3,500 mt mt on the month.

SMM survey showed that China's refined zinc output in November was basically on par with estimate. The increase in output was partly contributed by the expected production resumption from power rationing in Hunan, Guangxi, Henan, Gansu and Liaoning. The additional output from Guangxi Yusheng Ge Co. and Southwest Energy & Mineral came on top of estimate. While the decline was mostly found n Jiangxi and Yunnan as a result of maintenance.

SMM expects that the output of refined zinc in December will rise 13,300 mt from November to 532,800 mt, which is far behind estimate as the output in Huayuan, Hunan and Shaanxi will drop due to maintenance. Nonetheless, the resuming production in Inner Mongolia and Jiangxi after the maintenance or production suspension will push up the montly output. The total output throughout 2021 is likely to stand at 6.11 million mt, up 0.03% year-on-year.