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Antaike's output report on refined zinc in February 2021

2021-03-11 16:59:49

Beijing, Mar. 11 (Antaike)--Antaike investigated 51 zinc refineries, adding Xinjiang Zijin and Qinghai Zhongju, concerning capacity of 6.30Mtpy, and showed that they produced 423kt of zinc and zinc alloy in February 2021, up 8.2% year on year but down 60,000t month on month, average daily output decreased by 3.1% month on month. Output was 483kt in January after correction, rising 5.7% year on year.


Inventory at major zinc refineries was 43kt in early March, up 14kt compared with early February, and increment was less than the past years, but de-stocking was more rapidly.


TC was still low in early March and stayed at 3,900 yuan/t, of which north region was high and south region was low. TC in Yunnan fell by 100 yuan/t due to the restricted supply around the region. TC in Hunan increased by 100-200 yuan/t, but just few mines accepted. It is estimated TC will still be low in March and April, but refineries will have normal production.


In March, most zinc refineries that stopped production during the Spring Festival holiday gradually resumed production, but some refineries in Yunnan, Sichuan, Gansu and Hunan started maintenance as schedule.


It is estimated output will rise by 30kt month on month to over 450kt in March, with daily output declining 3.2%.

                                      Antaike refined zinc output


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