Commodity market report
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29 Pages

Global zinc short-term outlook October 2016

Global zinc short-term outlook October 2016

Report summary

Further tightening of the concentrate market was evident from spot treatment charges which moved sharply lower in October, with a $55-85/t trading range reported and we have set an indicative China spot TC of $70/t flat.

Although there has been some price volatility this month, the market does seem to be setting a floor price for zinc around $2200/t. The price has now managed to remain above this level since the beginning of August. This price strength is despite exchange stocks moving up including a 16kt inflow of metal into the LME's New Orleans warehouses.

What's included?

This report includes 2 file(s)

  • Global zinc short-term outlook October 2016 PDF - 697.34 KB 29 Pages, 14 Tables, 7 Figures
  • Data Tables Zinc STO October.xls XLS - 331.50 KB


As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Zinc Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Market Developments
      • Price forecasts and global quarterly supply and demand balance
  • Demand
    • Global
    • China
    • USA
  • Supply
    • Concentrate market
      • China spot TC value versus the China domestic and realised benchmark TCs
      • Treatment charges $/t of concentrate
    • October mine production news

In this report there are 21 tables or charts, including:

  • Executive summary
    • Zinc key forecasts
  • Supply-demand balances
    • Latest rally seems more sustainable than those of 2014 and 2015
    • Cancelled warrants jump in October
    • Supply-demand balances: Table 1
  • Demand
    • PMIs point to expansion in manufacturing sector
    • Private sector fixed asset investment bottomed out?
    • Galvanized sheet and metallic coated sheet production
    • Key indicators of zinc consumption
  • Supply
    • Supply: Image 1
    • Supply: Table 1
    • Chinese sources of concentrate imports
    • Concentrate Balances
    • Index of monthly Chinese mine production
    • Zinc mine capability, market adjustment and production (kt Zn)
    • Supply: Table 4
    • Supply: Table 5
    • Supply: Table 6
    • Supply: Table 7
    • Supply: Table 8
    • Supply: Table 9
    • Supply: Table 10
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