China's national average price of zinc ingot (at least 99.995%) under Mysteel's assessment ended last week at Yuan 25,834/tonne ($3,864.4/t) including the 13% VAT as of Friday June 17, down Yuan 329/t on week. Over the weekend, the price slid further by another Yuan 250/t to reach Yuan 25,584/t on Monday, a three-month low.
End-users of primary zinc including producers of zinc oxide, galvanized steel, and zinc-based alloys have entered a low season for zinc consumption and were unwilling to restock raw materials unless the smelters lowered their selling prices, Mysteel Global learned.
Some zinc oxide producers had planned to curtail their production in
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