Commodity market report
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32 Pages

Global zinc short-term outlook September 2016

Global zinc short-term outlook September 2016

Report summary

 This month the zinc price hit $2363/t, an 18 month high. Short selling subsequently undermined the price, however, the retreat proved short-lived and it recovered most of its lost ground. Further evidence of the tightness in the concentrate market emerged this month with spot treatment charges falling from $105/t to $90/t their lowest level since April 2012. Furthermore, some Chinese smelters are believed to be buying in the range $80-90/t. The fall in treatment charges has been accompanied by an increased number of Chinese smelters seeking to purchase spot material and reports that smelters in the south of the country are depleting their stocks of concentrate and those in the north are not able to build stocks ahead of seasonal supply disruptions caused by winter.

What's included?

This report includes 2 file(s)

  • Global zinc short-term outlook September 2016 PDF - 545.87 KB 32 Pages, 14 Tables, 11 Figures
  • Data Tables Zinc STO September 2016.xls XLS - 288.00 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
      • Galvanized sheet and metallic coated sheet production
  • Supply
    • Concentrate market
      • Concentrate Balances
    • September mine production news
    • Smelter production news

In this report there are 25 tables or charts, including:

  • Executive summary
    • Zinc key forecasts
  • Supply-demand balances
    • Price hits 18 month high
    • Exchange stocks drift lower
    • Supply-demand balances: Table 1
  • Demand
    • Regional changes to forecast for 2016-2018
    • Comparison of global forecasts
    • Fixed asset investment levels off in August
    • Real-estate sector slowing
    • Soaring popularity of SUVs driving light commercial vehicle production growth
    • Automotive output drives galvanized sheet shipments
    • AIA billings index points to softer non-residential construction in 2017
    • Demand: Table 1
    • Key indicators of zinc consumption
  • Supply
    • Treatment charges $/t of concentrate
    • Supply: Table 2
    • Chinese sources of concentrate imports
    • Supply: Table 3
    • Zinc smelter capability, market adjustment and production (kt Zn)
    • Index of monthly 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)
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