"SMM Zinc Industry chain Weekly report" released, the weekly report SMM will select the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.
The following is an excerpt from the weekly report of the zinc industry chain:
Zinc market forecast next week: in terms of Shanghai zinc prices, with the sharp fall in zinc prices, downstream procurement reserve demand release, weekly inventory fell by nearly 20,000 tons, highlighting consumer resilience, the price logic anchored by consumption has not been falsified; In terms of supply, according to SMM research, the output of zinc ingots in September is expected to increase by more than 30,000 tons, and the import window will briefly open in August or will guide a certain amount of imported zinc inflow. from two aspects, the supply pressure of zinc ingots in September can not be ignored. However, at present, the improvement of domestic zinc mineral volume is relatively limited, and the import offer price has been lowered to 100-120 US dollars / dry ton, and the demand for winter storage has disturbed the market sentiment ahead of time. The pessimistic expectation of zinc ore supply in the fourth quarter is expected to gradually replace consumption as a new price anchor. From an expected point of view, the outlook for zinc is more optimistic. From the perspective of returning to the fundamentals, the main force of zinc in the next cycle is expected to run around 19000-20000 yuan / ton. It is expected that Shanghai zinc spot will rise 150-300 yuan / ton in October, and Lun zinc may return to a low level next week, running around 2360-2530 US dollars / ton.
Processing fees: this week, the processing fees for imported zinc concentrates have been further reduced, and the procurement efforts of smelters have been strengthened. It is understood that at present, the mainstream imported miners in the domestic market have quoted prices of US $100,000,000 / dry ton, temporarily stopping the decline and stabilizing, but domestic smelters are still worried about mineral supply in the fourth quarter. In addition, except for refineries in the northern region, the inventory of raw materials in domestic refineries is relatively low. Some smelters currently accept the price of US $120,130 / dry ton. Judging from the current pace, At present, the overseas bidding prices of traders are concentrated at 130-150 US dollars / dry ton, but some rumors that overseas transaction prices are less than 100 US dollars, and import processing fees continue to decline, and follow-up pay attention to the downward speed and space of domestic zinc concentrate processing fees.
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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: Guangdong's zinc ingots will be improved in August, less in and out more than in September.
Zinc concentrate market: processing fees for imported zinc concentrates have been further reduced this week, and the purchasing efforts of smelters have been strengthened.
Refinery dynamics
Imported zinc market: internal and external contradictions are not prominent and lack of guidance for import inflows
Zinc market predicts next week: the fundamentals are healthier and zinc prices are expected to rise at a low level.
Zinc market review: pessimism shrouded in zinc prices fell sharply
Galvanizing: more than half of the enterprises in Daqiuzhuang, Tianjin have basically resumed production and will resume further next week.
Die-casting zinc alloy: the terminal order is stable and the peak season is expected.
Zinc oxide: the restorative growth of tire exports continues to stabilize the operating rate of zinc oxide.
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[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
