Commodity Market Report
Global zinc short-term outlook July 2023
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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
Pressure on the zinc price eased in July and the price appears to have stabilised. It is on course to end July some 10% above the May low. Following the surprise closure of Boliden’s Tara mine in Ireland, the market appears to think that the price has hit a support level, at least for now. A slightly more optimistic outlook for the global economy has helped, with macro-economic factors being supportive in the US and with growing expectations that the authorities in China will have to deploy more stimulus to stabilise the economy. However, the zinc price remains vulnerable to macro-economic sentiment.
Table of contents
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Market Developments
- USA
- Japan
- Concentrate markets
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Production News
- Current mine developments
- Project development
- Corporate Developments
- Smelter production
- Current smelter developments
Tables and charts
This report includes the following images and tables:
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Latest commitments of traders data suggest investors are relatively neutralCancelled warrants suggest some 25kt may be about to leave LME warehousesChina returns to being a net importer of refined zinc
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Price forecasts and global quarterly supply and demand balanceTreatment charges $/t of concentrateComparison of revenue from different treatment chargesChinese concentrate imports (kt gross weight concentrate)Concentrate balanceAutomotive sales remain strong but may be levelling offThe construction of manufacturing plants is boomingJapanese galvanized steel sales have lost momentumGalvanized sheet and metallic coated sheet production
- 9 more item(s)...
What's included
This report contains:
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