China's August refined zinc
output rose 2.8 percent to 450,000 tonnes from last year, research house
Antaike said on Wednesday, hitting a record monthly high in nearly five
years as smelters boosted production.
Zinc output from 49 Chinese
producers increased by 19,000 tonnes last month compared with the
revised July data, according to a survey by Antaike, sending production
for the January-August period to 3.37 million tonnes, up 2.1 percent
from the same period in 2019.
"The increment (in August)
mainly came from west Hunan Province, Inner Mongolia, Anhui and Gansu as
smelters there resumed from maintenance," said Antaike, adding that some
producers in Yunnan and Shaanxi continued to ramp up production.
The research house expected the
September zinc output to rise to above 470,000 tonnes and the overall
industry to be more stable.
China's refined lead production
also gained last month, rising 4 percent on an annual basis to 423,000
tonnes and was up from July, Antaike said, adding that it expects
September output to slide by around 5,000 tonnes with the implementation
of new solid waste law.
In a separate statement, Antaike
said August refined tin output from 18 smelters in China jumped 56.5
percent to 13,946 tonnes from July, without providing an annual
comparison.
The increase came after Yunnan
Tin resumed operations after a maintenance-related shutdown, while
output in the southwestern area surged 122.7 percent on-month.
Antaike anticipated September
tin production to stabilize around 14,000 tonnes.
Sources: CGTN, Reuters |