Commodity Market Report
Global zinc short-term outlook September 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
Tumultuous financial markets pushed base metal prices lower in September. The dramatic sell-off was mirrored across the LME and appears to have been driven by a realisation amongst investors that the US Federal Reserve remains extremely hawkish on inflation and that there was little chance of a pause in the pace of increasing interest rates. European spot premiums remained steady but with news from Glencore that it will be idling its Nordenham zinc smelter, it seems more likely that spot premiums will be moving higher soon. Meanwhile, in the concentrate market, China spot TCs moved higher with improved availability of zinc concentrate.
Table of contents
- Market Developments
- China
- United States
- Concentrate markets
-
Production News
- Current mine developments
- Project development
- Corporate activity
- Smelter production
- Current smelter developments
Tables and charts
This report includes the following images and tables:
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Spreads narrow amid sell-offExchange stocks close to record lowsPremiums remain high
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Price forecasts and global quarterly supply and demand balanceGalvanized 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 breakdownZinc mine capability, market adjustment and production (kt Zn)Index of Chinese smelter production
- 6 more item(s)...
What's included
This report contains:
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