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:
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