WBMS: Zinc market records deficit of 85 kt in Jan to Oct 2019
2019-12-18 16:10:17 [Print]
According to data released by WBMS, the zinc market was in deficit of 85 kt during January to October 2019 which compares with a surplus of 109 kt recorded in the whole of the previous year.
Reported stocks decreased by 29 kt during January to October with a net increase in Shanghai of 44 kt over the period.
LME stocks fell again in October and closed 74.5 kt below the December 2018 level.
Global refined production rose by 3.0 per cent and consumption was 5 . 7 per cent higher than the levels recorded one year earlier . Japanese apparent demand was 432 kt, 7 . 8 per cent above the equivalent total for January to October 2018.
In the first the months of this year, world demand rose by 621 kt. Chinese apparent demand was 5,597 kt which is 48 per cent of the global total.
In October 2019, global zinc production was 1,205.7 kt and consumption recorded 1,190 . 1 kt.
Reported stocks decreased by 29 kt during January to October with a net increase in Shanghai of 44 kt over the period.
LME stocks fell again in October and closed 74.5 kt below the December 2018 level.
Global refined production rose by 3.0 per cent and consumption was 5 . 7 per cent higher than the levels recorded one year earlier . Japanese apparent demand was 432 kt, 7 . 8 per cent above the equivalent total for January to October 2018.
In the first the months of this year, world demand rose by 621 kt. Chinese apparent demand was 5,597 kt which is 48 per cent of the global total.
In October 2019, global zinc production was 1,205.7 kt and consumption recorded 1,190 . 1 kt.