Shanghai Nonferrous Metals News
Domestic zinc smelters are prepared to cut zinc production as a consequence of mounting inventories of sulfuric acid during March. This is likely to counteract production growth led by resumptions of some southern smelters, resulting in limited overall reductions during the month.
On the demand side, despite high resumption rates at downstream producers, the ultimate demand side – e.g. real estate and automobiles, has not recovered as yet, represented by few new orders.
SMM forecast domestic zinc prices will be hovering at the low-end, under pressure from steady supply and weak demand.