Zinc Market Report April 2015

Contents
Introduction 1
2 International market overview 1
3 Chinese domestic market review 3
3.1 Zinc mines resume production, trading turns warmer 3
3.2 Zinc ingot supply abundant, market improves slightly 4
3.3 Die-casting zinc alloy trading stable 5
3.4 Zinc oxide market 6
3.4.1 Market for zinc oxide produced from zinc ingot stable 6
3.4.2 Zinc scrap prices move up, trading on zinc oxide produced from zinc scrap stable on the market 7
3.4.3 Zinc oxide 90-99% market sees no improvement 8
3.5 Zinc powder market 8
3.5.1 Super-fine zinc powder market trading stable 8
3.5.2 Metal zinc powder market improves a bit 9
3.7 Zinc sulfate prices stable 9
4 Production data 10
4.1 China’s zinc concentrate output down by 8.07% YOY in Q1 2015 10
4.2 China’s refined zinc output up by 11.8% YOY in March 10
4.1 Operating rate of China’s zinc smelters up to 78.1% in April 11
4.2 China’s zinc smelters’ stocks down by 26.1% MOM in late April 12
4.3 China’s die-casting zinc alloy plants’ operating rate up to 40.2% in April 13
4.4 Operating rate of China’s zinc oxide plants up to 45.62% in April 14
4.5 Stocks at China’s zinc oxide plants down by 0.5% MOM in late April 15
5 Import & export data analysis 16
5.1 China’s zinc import and export data by country in March 16
5.2 China’s zinc ore/concentrate imports in March up by 54.38% YOY 18
5.3 China’s refined zinc imports up by 136% MOM in March 2015 20
5.4 China’s zinc oxide imports up by 95.5% MOM in March 21
5.5 China’s zinc powder imports down by 39.4% MOM in March 2015 23
5.6 Top ten Chinese zinc ore/concentrate importers in March 24
6 Company news 24
6.1 Caijiaying Lead-Zinc mine to double its zinc concentrate output in July 24
6.2 Zhesheng Lead-Zinc Mine to start production in mid-2015 25
6.3 Chihong Zinc & Germanium’s zinc and lead smelters to start formal production in Inner Mongolia in June 25
6.4 Jinshan Indium & Germanium resumes zinc ingot production in late April 25
6.5 Sanli’s zinc smelter to resume production in early May 25
6.6 Ruixiang Technology’s new zinc sulfate plant to come on stream in June 26
6.7 Hengyang Dongda Chemical halts production of crude indium and zinc sulfate 26
7 Related industry developments 26
7.1 China’s crude steel output down by 1.2% YOY in March 26
7.2 China’s automobile sales volume up by 3.29% YOY in March 26
8 Outlook for May 27

Picture 1 Three-month seller zinc on the LME in April 2
Picture 2 Zinc stocks on the LME in April 2
Picture 3 Prices for zinc concentrate 50%min in South China in April 2015 3
Picture 4 Prices for zinc concentrate 55%min in North China in April 2015 4
Picture 5 Prices for SHG zinc ingot in April 2015 5
Picture 6 Prices for Zamak-3 zinc alloy in April 2015 6
Picture 7 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in April 2015 7
Picture 8 Prices for domestic 325 mesh zinc powder 98%min in April 2015 9
Picture 9 China’s zinc smelters’ operating rate 2013-2015 12
Picture 10 China’s zinc smelters’ stocks from 2014 to 2015 13
Picture 11 China’s major die-casting zinc alloy producers’ operating rate 2012-2015 14
Picture 12 Operating rate of zinc oxide plants from 2012 to 2015 15
Picture 13 China’s zinc oxide plants’ stocks in 2014-2015 16
Picture 14 China zinc ore/concentrate imports 2013-2015 19
Picture 15 Zinc ore/concentrate imported by China from Australia and Peru between Jan 2014 and Mar 2015 19
Picture 16 China’s refined zinc imports from 2014 to 2015 20
Picture 17 China’s main refined zinc import origins in 2015 21
Picture 18 China zinc oxide imports from 2014 to 2015 22
Picture 19 Origins of China’s zinc oxide imports in March 2015 22
Picture 20 China zinc powder imports 2014-2015 23
Picture 21 Origins of China's import zinc powder in 2015 23

Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 7
Table 2 Refined zinc, zinc alloy, zinc concentrate/ore import and export in March 2015 16
Table 3 China’s top 10 zinc ore/concentrate import companies in March 2015 24

.Asian Metal CopyrightContents Introduction 1 2 International market overview 1 3 Chinese domestic market review 3 3Asian Metal Copyright