Commodity Market Report

Global zinc short-term outlook October 2021

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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 22 images and tables including:

  • Deep backwardation emerges after Nyrstar comments
  • Spot premiums jump higher
  • Price forecasts and global quarterly supply and demand balance
  • Real-estate slump continues but pace of contraction in land sales slows
  • Galvanized sheet production shrugs off slowdown in real-estate and autos
  • Galvanized sheet and metallic coated sheet production
  • Key indicators of zinc consumption
  • Treatment charges $/t of concentrate
  • European smelters by type
  • Tankhouse utilisation rates with cuts to off-peak production
  • Quarterly concentrate balances
  • Chinese concentrate imports (kt gross weight concentrate)
  • Annual concentrate balances
  • 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 October 2021

    PDF 1018.90 KB