Big China zinc smelters to meet, cuts not on agenda

SHANGHAI, July 14 (Reuters) - China's large zinc smelters plan to meet on Tuesday in Beijing, an industry association executive said on Monday, after small smelters agreed over the weekend to cut their output by 10 percent to lift local prices.

The meeting, organised by the lead and zinc division of the China Nonferrous Metals Industry Association, will discuss market conditions but the smelters had no specific plan to discuss output cuts, the division's director Zhao Cuiqing said.

Major Chinese zinc smelters such as Zhuzhou Smelter Group Ltd (600961.SS), a subsidiary of Hunan Nonferrous Metals Corp (2626.HK), and Huludao Zinc Industry 000751.SZ will attend the meeting.

China's small- and medium-sized zinc smelters, accounting for about 30 to 40 percent of output in the world's top producer of the metal, agreed on Saturday to cut production immediately by 10 percent, industry sources said. [ID:nSP330457] (Reporting by Alfred Cang; Editing by Edmund Klamann)