Global zinc short-term outlook July 2021 Report

Commodity Market Report 30 July 2021

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Report summary

After spending much of July trading in a range of $2900-2950/t, dollar weakness and other macro-economic factors in the final days of the month gave the price a boost and saw it break resistance at $3000/t. Read further in our latest Global zinc short-term outlook for details on: The impact of China's State Reserve Bureau metal sales The latest developments in US and Chinese demand The state of the concentrate market News on a major new smelter expansion project and "green zinc"

Market Developments
USA
China
Concentrate market
Mine production
Mine production news
Smelter production

Tables and charts

This report includes 19 images and tables including:

Shanghai zinc price shrugs off SRB sales and stocks remain at low levels
Power shortages mute seasonal bounce in Chinese smelter production
Price forecasts and global quarterly supply and demand balance

Trade volumes may have peaked in May
With sales back to normal the release of pent-up demand by the easing of the chip shortage may be modest
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
Odda has a very low carbon footprint
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)