Commodity Market Report

Global zinc short-term outlook September 2021

30 September 2021

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30 September 2021

Global zinc short-term outlook September 2021

Report summary

The zinc price edged upwards in September, however, there was some volatility. One of the headwinds faced this month was the news of indebted Chinese real-estate company, Evergrande. Support was provided to zinc from fears of the growing risk to smelter production in China and Europe. Read further in our latest Global zinc short-term outlook for details on: Our revised outlook for Chinese zinc consumption and insight on US manufacturing activity Refined production cuts in China and Europe related to power rationing and high power prices The state of the concentrate market and treatment charges The Wood Mackenzie price forecast to 2023

Market Developments
- Changes to forecast
China
USA
Concentrate market
Mine production
Mine production news
Smelter production

Tables and charts

This report includes 20 images and tables including:

Disappointing performance from Chinese smelters in August
Exchange stocks move a little lower in September
Investment fund long positions inch higher in zinc

Price forecasts and global quarterly supply and demand balance
President Biden’s $1.2 trillion Infrastructure and Jobs Act targets zinc intensive sectors
Galvanized sheet and metallic coated sheet production
Key indicators of zinc consumption
Treatment charges $/t of concentrate
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)
Cumulative changes to consumption forecasts for the period 2021-2023