Commodity Market Report

Global zinc short-term outlook April 2022

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Worries about the impact of China's lockdowns on commodity demand weighed on base metal prices this month. After hovering around $4400/t for much of April the price retreated finding support at $4100/t. With 66% of the stocks in the warehouses of the LME now cancelled, the shrinking of LME inventories looks set to continue providing fundamental support to elevated zinc price. Meanwhile, the arbitrage of LME prices over SHFE prices continued to push spot treatment charges higher.

Table of contents

  • Market Developments
  • Europe
  • China
  • Concentrate market
  • Mine production
  • Mine production news
  • Project news
  • Corporate news
  • Smelter production
  • Smelter News

Tables and charts

This report includes the following images and tables:

    LME stocks continue to evaporateLockdown puts seasonal stock fall on holdArbitrage cuts refined imports
    Price forecasts and global quarterly supply and demand balanceFalling consumer and business confidence could reduce demand for consumer and capital goods in the coming monthsGalvanized sheet and metallic coated sheet productionKey indicators of zinc consumptionTreatment charges $/t of concentrateComparison of revenue from different treatment chargesChinese concentrate imports (kt gross weight concentrate)Mine disruption allowance breakdownZinc mine capability, market adjustment and production (kt Zn)
  • 6 more item(s)...

What's included

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  • Document

    Global zinc short-term outlook April 2022

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