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 18 images and tables including:

  • LME stocks continue to evaporate
  • Lockdown puts seasonal stock fall on hold
  • Arbitrage cuts refined imports
  • Price forecasts and global quarterly supply and demand balance
  • Falling consumer and business confidence could reduce demand for consumer and capital goods in the coming months
  • Galvanized sheet and metallic coated sheet production
  • Key indicators of zinc consumption
  • Treatment charges $/t of concentrate
  • 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)
  • Global 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:

  • Document

    Global zinc short-term outlook April 2022

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