Latest Update in the China Zinc Market

China’s copper cathode output shrank in July as some smelters conducted maintenance to deal with shortage of copper concentrate.

SHFE nonferrous metals, except for copper, cruised higher on Friday August 7, but ferrous metals all declined.

China’s refined zinc output increased in July as some smelters which had trimmed output due to shortage of zinc concentrate raised production and some smelters recovered from maintenance.  

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 7, 2020

Zinc inventories in China continued to fall this week, primarily propelled by slow inflows in Shanghai and low prices in Guangdong.

Nonferrous metals on the SHFE mostly increased on Friday morning, holding onto overnight gains, and lead surged nearly 2.5%.

Nonferrous metals rose for the most part, and glod prices scaled new heights on Thursday. 

SHFE nonferrous metals closed mixed on Thursday August 6 investors awaited jobless claims data.