Commodity Market Report
Global zinc short-term outlook May 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
After hitting a low of $3499/t amid concerns about the US and Chinese economies, the price has staged a bounce back supported by increased expectations that the Chinese authorities will be forced to increase their attempts to stimulate growth to offset the impact of the ongoing battle with coronavirus. As a result, an attempt to climb back above $4000/t seems imminent. The retreat in the zinc price earlier in the month did narrow the arbitrage and helped push spot treatment charges lower. However, the subsequent widening of the arbitrage means that the fall may well prove a temporary blip.
Table of contents
- Market Developments
- China
- USA
- Concentrate market
- Mine production
- Mine production news
- Project news
- Corporate news
- Smelter production
- Smelter News
- Smelter projects
Tables and charts
This report includes the following images and tables:
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Nickel is still off the scale but zinc has bounced backHigh prices and backwardations encourage consumers to buy hand to mouthSpot premiums in US and Europe at record highs
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Price forecasts and global quarterly supply and demand balanceCumulative changes to forecasts for 2021-2024 since last monthStocks of finished goods in US manufacturing are still fallingGalvanized sheet and metallic coated sheet productionKey indicators of zinc consumptionTreatment charges $/t of concentrateComparison of revenue from different treatment chargesChinese concentrate imports (kt gross weight concentrate)Mine disruption allowance breakdown
- 8 more item(s)...
What's included
This report contains:
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