Commodity market report
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30 Pages

Global zinc short-term outlook August 2017

Global zinc short-term outlook August 2017

Report summary

For the first time in a decade the zinc price has climbed above $3000/t. The price strength was driven by a combination of improving fundamentals, thin markets and short covering with even retail investors in China getting involved. However, with a muted supply response thus far, the risk of demand destruction is growing.

What's included?

This report includes 2 file(s)

  • Global zinc short-term outlook August 2017 PDF - 736.97 KB 30 Pages, 15 Tables, 8 Figures
  • Data Tables Zinc STO August.xls XLS - 297.00 KB


As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Zinc Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Market Developments
      • Price forecasts and global quarterly supply and demand balance
  • Demand
    • Global
    • China
    • Europe
      • Galvanized sheet and metallic coated sheet production
  • Supply
    • Concentrate market
      • Chinese sources of concentrate imports
      • Concentrate balances
    • August mine production news
    • Smelter production news
      • Index of monthly reported Chinese smelter production
      • Zinc smelter capability, market adjustment and production (kt Zn)

In this report there are 23 tables or charts, including:

  • Executive summary
    • Zinc key forecasts
  • Supply-demand balances
    • A surge in trading volume prompts the Shangahi Futures Exchange to intervene in zinc
    • Exchange stocks have fallen to just eight days of consumption
    • Mine project adjustment breakdown
    • Supply-demand balances: Table 2
  • Demand
    • The global economy is showing a surprising degree of stability and strength
    • Rising land sales an upside risk to real-estate sector?
    • All the key sectors of the European economy are growing
    • Demand: Table 1
    • Key indicators of zinc consumption
  • Supply
    • Treatment charges $/t of concentrate
    • Supply: Image 1
    • Supply: Table 2
    • Index of monthly Chinese mine production
    • Zinc mine capability, market adjustment and production (kt Zn)
    • Supply: Image 3
    • Supply: Table 4
    • 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)
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