Commodity market report
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29 Pages

Global zinc short-term outlook July 2017

Global zinc short-term outlook July 2017

Report summary

The enthusiasm for zinc in June was sustained into July lifting the price to $2842/t, its second highest level this year. However, investor sentiment was rattled by an influx of zinc into the LMEs warehouses and a 13% month on month rise in Chinese refined production in June. The combination encouraged investors to take profits and the price slipped lower.

What's included?

This report includes 2 file(s)

  • Global zinc short-term outlook July 2017 PDF - 513.57 KB 29 Pages, 14 Tables, 9 Figures
  • Data Tables Zinc STO July.xls XLS - 294.50 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
  • Supply-demand balances
    • Market Developments
      • Price forecasts and global quarterly supply and demand balance
  • Demand
    • Global
    • China
    • United States
      • Galvanized sheet and metallic coated sheet production
  • Supply
    • Concentrate market
      • Chinese sources of concentrate imports
      • Concentrate balances
    • July 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
    • Spread set to narrow further in the coming months
    • Cancelled warrants fall back in July
    • Arbitrage of Chinese prices over LME widens
    • Supply-demand balances: Table 1
  • Demand
    • Metallic coated sheet production hits record high in June
    • Fixed asset investment in infrastructure picks up in June
    • Demand: Image 3
    • 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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