AM Statistics: China's zinc smelters' stocks down by 29.55% MOM in late April
2014-05-07 09:22:21 [Print]
BEIJING (Asian Metal) 7 May 14 - According to Asian Metal’s statistics of 33 zinc smelters in China, zinc ingot and zinc alloy stocks of the smelters were about 97,500t by the end of April 2014, down by 29.55% month-on-month.
Chinese zinc ingot prices increased sharply in April, so suppliers were busy selling the metal and reducing stocks. Furthermore, many zinc smelters reduced or halted production for maintenance, and zinc ingot outputs declined to a low level. As a result, zinc smelters’ stocks continued to decrease in April.
Zinc ingot demand from end users will be stable, and zinc prices may not rise further. Moreover, some zinc smelters will resume normal production after maintenance. Therefore, zinc ingot and zinc alloy stocks may increase in May.
The chart below shows China’s zinc smelters’ stocks from November 2013 to April 2014.
Chinese zinc ingot prices increased sharply in April, so suppliers were busy selling the metal and reducing stocks. Furthermore, many zinc smelters reduced or halted production for maintenance, and zinc ingot outputs declined to a low level. As a result, zinc smelters’ stocks continued to decrease in April.
Zinc ingot demand from end users will be stable, and zinc prices may not rise further. Moreover, some zinc smelters will resume normal production after maintenance. Therefore, zinc ingot and zinc alloy stocks may increase in May.
The chart below shows China’s zinc smelters’ stocks from November 2013 to April 2014.
Zinc Ingot 99.995%min IW Guangzhou
Unit:RMB/mt
China's refined zinc producers' inventory statistics by province by month
Unit: mt
