Commodity Market Report
Global zinc short-term outlook December 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The rapid easing of covid restrictions initially boosted the zinc price, but as it became clear that the wave of infection surging across China is likely to disrupt the economy well into Q1 2023 the price lost ground. Meanwhile, Nyrstar continued to adjust output from its European smelters by placing its 160kt/a Auby plant on care and maintenance for the second time this year. With exchange stocks falling to multi-decade lows, spot premiums in Europe remain well supported at elevated levels. In the US they lost some ground but remain at very high levels by historic standards.
Table of contents
- Market Developments
- Concentrate markets
-
Production News
- Current mine developments
- Project development
- Corporate activity
- Smelter production
- Current smelter developments
Tables and charts
This report includes the following images and tables:
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Zinc price briefly breaks away from other LME metals before falling back into lineStocks close to record lowsRefined market tightness supports premiums despite price retreat
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Price forecasts and global quarterly supply and demand balanceEuropean PMIs suggest that downturn may not be as bad as expectedGalvanized 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)Zinc concentrate balance (kt Zn)Mine disruption allowance breakdown
- 7 more item(s)...
What's included
This report contains:
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