Commodity Market Report
Global zinc short-term outlook October 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
Unrelenting negative news weighed heavily on the zinc price in October. Rising interest rates and inflationary pressures in the US and Europe and fresh covid lockdowns in China offset the fact that the month of October was bookended by the closure of Budel and Nordenham. Consequently the price drifted lower. The evident tightness of the European market is making the discussions for next year's annual contract premiums difficult. The key uncertainty is if and when the idled smelters will restart and the performance and survivability of the remaining plants.
Table of contents
- Market Developments
- Europe
- China
- Concentrate markets
-
Production News
- Current mine developments
- Corporate activity
- Smelter production
- Current smelter developments
Tables and charts
This report includes the following images and tables:
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Zinc slides lower amid macro-economic uncertaintyA plunge in Korean exports to China has seen material redirected to the US and maybe EuropeCancelled warrants point to further declines in LME stocks
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Price forecasts and global quarterly supply and demand balanceDownturn in global manufacturing heralds drop in international trade and zinc demand?Galvanized 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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