Commodity Market Report
Global zinc short-term outlook June 2021
Report summary
The US Federal Reserve rattled financial markets and strengthened the US dollar prompting a sell off in metal markets. The zinc price subsequently recovered some of its lost ground, climbing back above $2900/t. News from China that some of the state's reserves of refined zinc will be sold in July were largely ignored, meanwhile spot premiums elsewhere in the world have continued to move higher. Read further in our latest Global zinc short-term outlook for details on: Changes to our consumption forecasts The latest demand developments in China New galvanizing capacity in Europe An update of a major new base case mine project
Table of contents
- Market Developments
- China
- Europe
- Concentrate market
- Mine production
- Mine production news
- Smelter production
Tables and charts
This report includes 20 images and tables including:
- Worries about interest rates and inflation knock metal prices lower but most stage good recoveries
- Dollar strength undermines the zinc price
- Despite profit taking investor interest remains strong in zinc
- Price forecasts and global quarterly supply and demand balance
- Chinese metallic sheet production set to rise
- Eurozone manufacturing, service and constructions are all growing
- 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)
- Construction work is underway. Site works to May 19th, 2020 vs Site works to June 10th, 2021
- Index of Chinese smelter production
- 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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