Commodity Market Report
Global zinc short-term outlook June 2022
Report summary
It's been another volatile month for the zinc price. After starting June just under $4000/t, the price is set to end the month below $3300/t, weighed down by negative sentiment and growing concerns about the global economy. Despite these concerns, the refined market remains exceedingly tight with LME stocks shrinking and the cash-to-three months backwardation flaring out to over $200/t at one point.
Table of contents
- Market Developments
- China
- Europe
- India
-
Concentrate markets
- China concentrate markets
-
Production News
- Current mine developments
- Project development
- Corporate activity
- Smelter production
- Current smelter developments
- Smelter News
Tables and charts
This report includes 20 images and tables including:
- Tight refined market helps support the zinc price
- Cancelled warrants take LME live stocks to extremely low levels
- Chinese exports of refined zinc hit highest level since 2007
- Price forecasts and global quarterly supply and demand balance
- Europe's economy is losing momentum
- Galvanized sheet and metallic coated sheet production
- Key indicators of zinc consumption
- Treatment charges $/t of concentrate
- Spot TCs dip as negative arbitrage shrinks in May and June
- Comparison of revenue from different treatment charges
- Chinese concentrate imports (kt gross weight concentrate)
- Mine disruption allowance breakdown
- Zinc mine capability, market adjustment and production (kt Zn)
- Index of Chinese smelter production
- Global refined zinc consumption - (kt Zn)
- Global zinc mine production (kt Zn)
- Global zinc smelter production (kt Zn)
- Zinc stocks, prices and premiums
- Chinese trade data (kt)
- Global slab zinc supply/demand balance (kt)
What's included
This report contains:
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