Commodity Market Report
Global zinc short-term outlook March 2022
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
-
Smelter production
- Smelter production news
Tables and charts
This report includes 18 images and tables including:
- Price hits fresh high backwardation flares at month end
- Nickel goes off the scale - drags everything up in its wake
- Refined market tightness keeps pressure on premiums
- Price forecasts and global quarterly supply and demand balance
- Cumulative changes to forecast for 2021-2024 since last month
- Galvanized sheet and metallic coated sheet production
- Key indicators of zinc consumption
- Treatment charges $/t of concentrate
- Comparison of revenue from different treatment charges
- Annual concentrate balances
- Mine disruption allowance breakdown
- Zinc mine capability, market adjustment and production (kt Zn)
- 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:
Other reports you may be interested in
Commodity Market Report
Global zinc short-term outlook March 2024
After starting the month at the $2362/t, the price manged to touch a high of $2523/t mid-month, but it failed to hold on to its gains.
$5,000
Commodity Market Report
Global zinc short-term outlook February 2024
January's rally proved short lived and the price came under short selling pressure this month.
$5,000
Commodity Market Report
Global lead short-term outlook March 2024
The increase in LME stocks in March has been a bearish optic but data do not point to a sudden deterioration in lead's fundamentals.
$5,000