NOTE: There'll be no news updates over October 3-7 due to China's National Day holiday.
UTC+8 ( BJT)

MYSTEEL: China zinc price bottoms out but lacks momentum

ABSTRACT

China's national average price of primary zinc (at least 99.995%) under Mysteel's assessment rebounded strongly last week from the previous slump to reach a one-month high of Yuan 24,695/tonne ($3,650.9/t) including the 13% VAT as of August 1, an increase of Yuan 1,558/t or 6.7% on week.
Supplies of zinc concentrates from miners at home and abroad were insufficient last week so many domestic zinc smelters maintained low capacity-utilization rates, both of which provided some support for the price of primary zinc, according to a market analyst based in Shanghai.   However, the price has failed to increase further

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