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Commodity Market Report

Global zinc short-term outlook August 2021

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31 August 2021

Global zinc short-term outlook August 2021

Report summary

Uncertainty prompted investors to take profits this month and the zinc price slid from $3039/t at the end of July to a monthly low of $2939/t. However, sentiment turned, encouraged by the progress of the planned stimulus package in the US and signals from the US Federal Reserve that it is unlikely to begin reining in its support of the US economy until around the end of the year. The price advanced to end the month just above $3000/t. Read further in our latest Global zinc short-term outlook for details on: The impact of of supply chain issues on all parts of the zinc market The latest developments in Chinese and European demand The state of the concentrate market

Table of contents

  • Market Developments
  • China
  • Europe
  • Concentrate market
  • Mine production
  • Mine production news
  • Smelter production

Tables and charts

This report includes 21 images and tables including:

  • Macro economic moves and low stocks help support price
  • Logistics problems support a rise in spot premiums
  • Price forecasts and global quarterly supply and demand balance
  • Global manufacturers are struggling to maintain stocks of finished goods
  • China's property market cools
  • Infrastructure growth is levelling off
  • European construction activity has lost momentum
  • Galvanized sheet and metallic coated sheet production
  • Key indicators of zinc consumption
  • Treatment charges $/t of concentrate
  • Chinese concentrate imports (kt gross weight concentrate)
  • Annual concentrate balances
  • Mine disruption allowance breakdown
  • Zinc mine capability, market adjustment and production (kt Zn)
  • Index of Chinese smelter production
  • 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 August 2021

    PDF 1.02 MB