Global zinc short-term outlook August 2017 Report

Commodity Market Report 31 August 2017

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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

For the first time in a decade the zinc price has climbed above $3000/t. The price strength was driven by a combination of improving fundamentals, thin markets and short covering with even retail investors in China getting involved. However, with a muted supply response thus far, the risk of demand destruction is growing.

Executive summary
Supply-demand balances
- Market Developments
  - Price forecasts and global quarterly supply and demand balance
Demand
- Global
- China
- Europe
  - Galvanized sheet and metallic coated sheet production
Supply
- Concentrate market
  - Chinese sources of concentrate imports
  - Concentrate balances
- August mine production news
- Smelter production news
  - Index of monthly reported Chinese smelter production
  - Zinc smelter capability, market adjustment and production (kt Zn)

Tables and charts

This report includes the following images and tables:

Zinc key forecasts
A surge in trading volume prompts the Shangahi Futures Exchange to intervene in zinc
Exchange stocks have fallen to just eight days of consumption