Zinc Market Report May 2016

Content

Introduction 3
1 International market overview 3
1.1 Zinc prices on LME moves up 3
2 Chinese domestic market review 3
2.1 Domestic zinc concentrate prices stable 3
2.2 Zinc ingot prices tend to be stable in China 4
2.3 Die-casting zinc alloy market weak 5
2.4 Zinc oxide market 6
2.4.Asian Metal Copyright 8 Graph 12 Chinese zinc smelters’ stocks movement from 2015 to 2016: 8 Graph 13 China’s imports of zinc concentrates and ores from January 2015 to April 2016 9 Graph 14 China’s imports of zinc concentrates and ores from Australia and Peru between January 2015-March 2016 unit:10kt 10 Graph 15 China’s refined zinc imports from 2015 to 2016 10 Graph 16 The major origins of refined zinc imports in China from 2015 to 2016国 10 Table 1 World zinc supply and consumption in 2015-2016 7 Table 2 Refined zinc, zinc alloy, zinc concentrateore import and export in April 2016 8 Table 3 China’s zinc oreconcentrate imports by company in April 2016 11 Table 4 top ten Chinese zinc concentrate importers in March 2016 are as follows 13 Table 5 Chinese refined zinc imports by region in April 2016 14 Table 6 China’s top 10 refined zinc import companies in April 2016 16 .Asian Metal Copyright1 Market transactions for zinc oxide 99.7%min from zinc ingot remained in stalemate 6
2.4.2 Zinc oxide from zinc scrap market transactions flat 6
2.5 Zinc powder market 6
3 Production and inventory data 7
3.1 World supply shortage of zinc reaches 13,600t in March 7
3.2 Chinese zinc smelters’ operating rate drops in May 7
3.3 China’s zinc smelters’ stocks decrease in May 8
4 Import & export data analysis 8
4.1 China’s zinc import and export data by country in April 8
4.2 China April zinc concentrate and ore imports down 23.8% MOM 9
4.3 Chinese refined zinc imports down by 49.2% MOM in April 10
4.4 China’s zinc ore/concentrate imports in April 2016 11
4.5 Chinese zinc concentrate importers in March 13
4.6 Chinese refined zinc imports in April 2016 14
4.7 Top ten Chinese refined zinc importers in April 2016 16
5 Company news 16
6 Outlook for June 17

Graph 1 Spot prices for LME zinc in Apr-May 2016 3
Graph 2 Zinc stocks on the LME in Apr-May 2016 3
Graph 3 Prices for zinc concentrate 50%min in South China in Mar-Apr 2016 4
Graph 4 Prices for zinc concentrate 55%min in North China in Apr-May 2016 4
Graph 5 Prices for SHG zinc ingot in April-May 2016 5
Graph 6 Chinese spot prices for Zamak-3 zinc alloy in Apr-May 2016 5
Graph 7 Chinese spot prices for Zamak-3 zinc alloy in Apr-May 2016 5
Graph 8 Prices for Chinese zinc oxide 99.7%min from zinc ingot in Apr-May 2016 6
Graph 9 Prices for domestic 325 mesh zinc powder 96%min in Apr-May 2016 7
Graph 10 the average operating rate in zinc smelters in some provinces from 2015 to April 2016. 7
Graph 11 Chinese zinc smelters’ operating rate movement from 2015 to 2016. 8
Graph 12 Chinese zinc smelters’ stocks movement from 2015 to 2016: 8
Graph 13 China’s imports of zinc concentrates and ores from January 2015 to April 2016 9
Graph 14 China’s imports of zinc concentrates and ores from Australia and Peru between January 2015-March 2016 (unit:10kt) 10
Graph 15 China’s refined zinc imports from 2015 to 2016 10
Graph 16 The major origins of refined zinc imports in China from 2015 to 2016国 10


Table 1 World zinc supply and consumption in 2015-2016 7
Table 2 Refined zinc, zinc alloy, zinc concentrate/ore import and export in April 2016 8
Table 3 China’s zinc ore/concentrate imports by company in April 2016 11
Table 4 top ten Chinese zinc concentrate importers in March 2016 are as follows 13
Table 5 Chinese refined zinc imports by region in April 2016 14
Table 6 China’s top 10 refined zinc import companies in April 2016 16

.Asian Metal Copyright7%min from zinc ingot remained in stalemate 6 2Asian Metal Copyright