Zinc Prices to be Strong in Short Term on Supply Shortages

SHANGHAI, Mar 24 (SMM) - Although the production increase plans of domestic refineries have been advanced, the production rate has been lower than expected due to the impact of power rationing and equipment problems.

In contrast, the demand side maintained a good recovery trend under the support of end-user stockpiling and orders at the beginning of the year.

Given limited customs clearance of imported zinc, domestic zinc inventories have been on the decline. The supply deficit remains. Therefore, zinc prices should remain firm in the short term.