Commodity market report
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32 Pages

Global zinc short-term outlook December 2016

Global zinc short-term outlook December 2016

Report summary

This year's price strength has been driven by zinc's improving fundamentals. Evidence of the tight conditions in the concentrate market and expectations that the market will remain tight next year appeared this month from a spate of mine tenders which resulted in at least 350kt of concentrate of various qualities being sold at treatment charges of $9-56/t CIF to China, Japan, S. Korea and Europe with deliveries scheduled throughout 2017 and, in some cases, into 2018.

What's included?

This report includes 2 file(s)

  • Global zinc short-term outlook December 2016 PDF - 563.67 KB 32 Pages, 14 Tables, 10 Figures
  • Data Tables Zinc STO December.xls XLS - 290.50 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
    • Zinc key forecasts
  • Supply-demand balances
    • Market Developments
      • Price forecasts and global quarterly supply and demand balance
  • Demand
    • Global
    • China
    • Europe
    • Japan
  • Supply
    • Concentrate market
    • December mine production news

In this report there are 24 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Supply-demand balances
    • Zinc is the star performer of 2016
    • Spot treatment charges approach record lows
    • Cash to three months spreads
    • Spot premiums
    • Price and stock movements during 2006 and 2007 demonstrate how quickly the zinc market can develop
    • Supply-demand balances: Table 1
  • Demand
    • Fixed asset investment in infrastructure decelerates, but private sector gains momentum
    • Japanese automotive and brass sectors in long-term decline
    • Galvanized sheet and metallic coated sheet production
    • Key indicators of zinc consumption
  • Supply
    • Treatment charges $/t of concentrate
    • Concentrate Balances
    • Base and realised Chinese domestic TCs
    • Chinese smelter revenues from imported concentrate have fallen in 2016
    • Chinese sources of concentrate imports
    • Supply: Table 3
    • Supply: Table 4
    • Supply: Table 5
    • Supply: Table 6
    • Supply: Table 7
    • Supply: Table 8
    • Supply: Table 9
    • Supply: Table 10
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