Trading stable in Chinese zinc ingot market
2013-12-30 09:51:44 [Print]
BEIJING (Asian Metal) 30 Dec 13 - Impacted by the weak demand, zinc ingot prices dropped slightly in China last Friday
A trader from Shanghai offered SHG zinc ingot at RMB15,150/t (USD2,475/t) in the spot market last Friday morning and RMB15,180/t (USD2,480/t) in the afternoon, RMB50-100/t (RMB8-16/t) lower than that last Thursday. “Most downstream plants keep normal production, and the demand for zinc ingot is stable, so trading for zinc ingot is relatively stable in the end of December,” said the source.
They sell about 5,000t of zinc ingot in December and the sales volume will drop in next January as some zinc alloy and galvanized steel plants will stop production.
A producer from Qinghai reported that trading for zinc ingot was stable but still sluggish in the spot market. They were active in selling zinc ingot but customers were inactive in purchasing due to the weak demand. They offered HG zinc ingot at RMB15,100/t (USD2,467/t) in the spot market last Friday, RMB100/t (USD16/t) lower than that last Thursday . The source thinks trading will keep stable in the near term.
The zinc smelter is operating fully with the production of 3,300tpm based on the capacity of 40,000tpy. They usually hold few stocks.
. Trading was stable but remained weak in the spot market . Producers were active in selling zinc ingot but consumers were reluctant to purchase.A trader from Shanghai offered SHG zinc ingot at RMB15,150/t (USD2,475/t) in the spot market last Friday morning and RMB15,180/t (USD2,480/t) in the afternoon, RMB50-100/t (RMB8-16/t) lower than that last Thursday. “Most downstream plants keep normal production, and the demand for zinc ingot is stable, so trading for zinc ingot is relatively stable in the end of December,” said the source.
They sell about 5,000t of zinc ingot in December and the sales volume will drop in next January as some zinc alloy and galvanized steel plants will stop production.
A producer from Qinghai reported that trading for zinc ingot was stable but still sluggish in the spot market. They were active in selling zinc ingot but customers were inactive in purchasing due to the weak demand. They offered HG zinc ingot at RMB15,100/t (USD2,467/t) in the spot market last Friday, RMB100/t (USD16/t) lower than that last Thursday . The source thinks trading will keep stable in the near term.
The zinc smelter is operating fully with the production of 3,300tpm based on the capacity of 40,000tpy. They usually hold few stocks.