Commodity Market Report
Global zinc short-term outlook March 2022
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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
The 3-month zinc price propelled to $4896/t, briefly surpassing the 2006 high. The 3-month zinc price subsequently lost altitude, before regaining some of the lost ground to finish March at $4151/t and ended the month with a spectacular $108/t backwardation. Expectations are for the current tightness in the refined market to persist. Spot TCs in China have jumped higher again, driven by the widening LME-SHFE price arbitrage.
Table of contents
- Market Developments
- China
- USA
- Concentrate market
- Mine production
- Mine production news
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Smelter production
- Smelter production news
Tables and charts
This report includes the following images and tables:
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Price hits fresh high backwardation flares at month endNickel goes off the scale - drags everything up in its wakeRefined market tightness keeps pressure on premiums
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Price forecasts and global quarterly supply and demand balanceCumulative changes to forecast for 2021-2024 since last monthGalvanized sheet and metallic coated sheet productionKey indicators of zinc consumptionTreatment charges $/t of concentrateComparison of revenue from different treatment chargesAnnual concentrate balancesMine disruption allowance breakdownZinc mine capability, market adjustment and production (kt Zn)
- 6 more item(s)...
What's included
This report contains:
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