Chinese Zinc Smelters Maintained High Output despite Lower Profits Due To Falling Prices of Sulphuric Acid

In May, although profits of smelters have been reduced due to falling prices of sulphuric acid recently, the overall output of smelters has remained at a relatively high level.

The occasional reopening of the import window is likely to drive outflows of bonded zone inventories, keeping supply sufficient. There has been no obvious improvement in consumption for the time being.

It is expected that the inventory will accumulate in May.

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