Commodity Market Report

Global zinc short-term outlook May 2022

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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 20 images and tables including:

  • Nickel is still off the scale but zinc has bounced back
  • High prices and backwardations encourage consumers to buy hand to mouth
  • Spot premiums in US and Europe at record highs
  • Price forecasts and global quarterly supply and demand balance
  • Cumulative changes to forecasts for 2021-2024 since last month
  • Stocks of finished goods in US manufacturing are still falling
  • Galvanized sheet and metallic coated sheet production
  • Key indicators of zinc consumption
  • Treatment charges $/t of concentrate
  • Comparison of revenue from different treatment charges
  • Chinese concentrate imports (kt gross weight concentrate)
  • Mine disruption allowance breakdown
  • Zinc mine capability, market adjustment and production (kt Zn)
  • 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:

  • Document

    Global zinc short-term outlook May 2022

    PDF 1.01 MB