Zinc Market Report December 2015

Introduction 4
2 International market overview 4
3 Chinese domestic market review 4
3.1 Trading flat on zinc concentrate market and zinc mines halt production in succession 4
3.2 Zinc ingot prices rebound, market sluggish 5
3.3 Die-casting zinc alloy market improves slightly 6
3.4 Zinc oxide market 6
3.4.1 Market for zinc oxide produced from zinc ingot sees no improvements 7
3.4.2 Zinc oxide produced from zinc scrap market slow 7
3.4.3 Zinc oxide 90-99% market sees no improvement 7
3.5 Zinc powder market 8
3.5.1 Super-fine zinc powder market dim 8
3.5.2 Metal zinc powder plants keep low operating rates 8
4 Production data 9
4.1 China’s zinc concentrate output down by 2.0% MOM in November 2015 9
4.2 China’s refined zinc output up by 1.43% MOM in November 9
4.3 Operating rate of China’s zinc smelters down to 76.58% in December 9
4.4 China’s zinc smelters’ stocks down by 11.4% MOM in late December 10
4.5 China’s die-casting zinc alloy plants’ operating rate up to 52.21% in December 11
4.6 Operating rate of China’s zinc oxide plants down to 41.09% in December 11
4.7 Stocks at China’s zinc oxide plants down by 4.11% MOM in late December 12
5 Import & export data analysis 13
5.1 China’s zinc import and export data by country in November 13
5.2 China’s zinc ore/concentrate imports up by 1.82% MOM in November 2015 14
5.3 China’s refined zinc imports down by 3.73% MOM in November 2015 15
5.4 China’s zinc alloy imports up by 20.Asian Metal Copyright4 China’s zinc alloy imports up by 20.Asian Metal Copyright04% MOM in OctoberChina’s zinc alloy imports up by 8.79% MOM in November 16
5.7 Top ten Chinese zinc ore/concentrate importers in November 16
6 Company news 17
6.1 Baiyinnuoer Lead-Zinc Mine to reach 90% of its production target in 2015 17
6.2 Qinghua Mining’s lead-zinc concentrating mill starts operation in late November 17
6.3 Baohui Industry to halt zinc ingot production for maintenance in January 2016 17
6.4 Shuikoushan Nonferrous hard to finish zinc ingot output target in 2015 17
6.5 Haolong Group halts zinc ingot production in early December 18
6.6 Chifeng NFC Zinc’s zinc ingot outputs to reach 210,000t in 2015 18
6.7 Yuguang Gold & Lead’s zinc ingot outputs to reach 150,000t in 2015 18
6.8 Boyi Zinc to halt zinc oxide production in late December 18
7 Related industry developments 18
7.1 China’s crude steel output down by 1.6% YOY in November 18
7.2 China’s automobile sales volume up by 19.99% YOY in November 18
8 Outlook for January 19


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

Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 7
Table 2 The output changes of some zinc smelters in December 2015 10
Table 3 Refined zinc, zinc alloy, zinc concentrate/ore import and export in November 2015 13
Table 4 China’s top 10 zinc ore/concentrate import companies in November 2015 17
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.Asian Metal Copyright4 China’s zinc smelters’ stocks down by 11Asian Metal Copyright