Commodity Market Report
Global zinc short-term outlook October 2021
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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
The zinc price was galvanized this month by comments from Nyrstar that it planned to cut production by up to 50% at its three European smelters because of high power prices. With Glencore also saying that it would adjust production at its European plants to minimise exposure to high power prices, the zinc price climbed rapidly from $3000/t early in the month to over $3846/t, two days after the Nyrstar comments. This marked the highest zinc price since mid-2007.
Table of contents
- Market Developments
- China
- Europe
- Concentrate market
- Mine production
- Mine production news
- Smelter production
Tables and charts
This report includes the following images and tables:
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Deep backwardation emerges after Nyrstar commentsSpot premiums jump higherPrice forecasts and global quarterly supply and demand balance
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Real-estate slump continues but pace of contraction in land sales slowsGalvanized sheet production shrugs off slowdown in real-estate and autosGalvanized sheet and metallic coated sheet productionKey indicators of zinc consumptionTreatment charges $/t of concentrateEuropean smelters by typeTankhouse utilisation rates with cuts to off-peak productionQuarterly concentrate balancesChinese concentrate imports (kt gross weight concentrate)
- 10 more item(s)...
What's included
This report contains:
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