Both lead and zinc prices rose to multi-year highs, Vedanta's Hindustan zinc metal production to break the normal procedure, about a quarter of the price increase lock.Rare Earth Extractant PC88A
The India zinc company said Monday stan in the financial report, the company has hedging operations to 220 thousand tons of zinc and 30 thousand tons of lead production yield. This month, the zinc price has set a new high in the past 10 years, and the lead has also hit the high point since 2011. Although the company expects the price to remain high, it still decides to maintain some of its output in the future.
The company CEO Sunil Duggal said in a conference call, "under normal circumstances, almost never do hedging, but since the most recent quarter, zinc price volatility, we think to hedge the yield is a wise choice." At the same time, he also said that the zinc shortage is expected to remain for several quarters, and the zinc price is expected to fluctuate between $3000-3500 / ton by this support.Zinc Extractant Phosphonic acid (2-ethylhexyl)-mono(2-ethylhexyl)ester
After a 60% jump in 2016, the price of zinc has risen by another 23% this year. The global zinc concentrate reduction and shutdown, and China's security and environmental protection have strengthened the impact on production, which has directly led to the shortage of zinc supply. But the recent price volatility intensified, the 60 day volatility is close to the highest since June this year. McKinsey expects this month that zinc prices will rise to peak levels of $3350 to $3400 per tonne in the next 6 months. Zinc Extractant P507
Duggal said: "although hedging is not the usu
India's Zinc Industry said the lead-zinc hedging price was $2418 / ton and $3084 / ton. The 165 thousand ton position is scheduled for the first quarter of next year, and the remaining positions are ready for the second quarter of next year.Zinc Extractant PC88A
Duggal said: "although hedging is not the usual operation of the company, but this does not mean that the company will not further increase the value of the position with the price increase".
Duggal said that global zinc demand growth of about 3% in 2017, and next year is expected to remain the same level, or this will make the zinc market in the medium and short term to maintain tight state. Even if Glencore had to restart production reduction capacity or other mine production, there is still a certain gap is expected to supply zinc.
India's zinc industry shares rose by 74% in 2016, up 23% to continue this year, its parent company Vedanta shares have risen 55% in 2017.Separation of Ni/Co PC88A