Commodity Market Report
Global zinc short-term outlook January 2021
Report summary
A sharp rise in exchange stocks, and rising concerns about the impact of the coronavirus in China undermined the zinc price in January. After hitting $2838/t the price retreated to $2546/t by the end of the month. Meanwhile, Chinese smelters ended the year on a strong note with China's National Bureau of Statistics reporting production for 2020 at 6.4Mt, a year on year rise of 2.9%. Meanwhile, spot treatment charges remain under pressure.
Table of contents
- Market Developments
- Global
- China
- Europe
- Concentrate market
- Mine production
- Mine production news
- Smelter production
- Smelter production news
Tables and charts
This report includes 17 images and tables including:
- Seasonal rise in Shanghai stocks getting underway
- Investment fund long positions return for zinc
- Price forecasts and global quarterly supply and demand balance
- Global PMIs continue to indicate expansion but new Covid variants and missteps on vaccination are significant headwinds
- European passenger vehicle registrations recover but microchip shortages could dent the seasonal March sales surge
- Key indicators of zinc consumption
- Treatment charges $/t of concentrate
- Chinese concentrate imports (kt gross weight concentrate)
- Concentrate balances
- 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:
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