Monthly Zinc Market Report Mar 2021

Contents

1. Market Highlights 5
2 Economy and Policy 5
2.1 Social financing and new RMB loans hit record high of corresponding period in Feb 5
2.2 Inner Mongolia issues several safeguard measures to ensure completion of "14th Five-Year Plan" energy consumption dual control target 5
2.3 Biden announces infrastructure plan for USD2 trillion 5
3. Market Movements 5
3.1 Market Movements in China 5
3.1.Asian Metal Copyright89% in Mar 2021 13 5.Asian Metal Copyright1 Zinc ingot 99.995%min 6
3.1.Asian Metal Copyright7 Sichuan Huili LeadZinc resumes zinc concentrate production 11 4.Asian Metal Copyright2 Zinc ingot 99.99%min 7
3.1.3 Zinc concentrate 50%min 7
3.1.4 Imported zinc concentrate 50%min 8
3.1.5 Zinc die-casting alloy 8
3.1.Asian Metal Copyright1.Asian Metal Copyright6 Zinc oxide 99.7%min 8
3.1.7 Zinc powder 9
3.2 Market Movements Abroad 9
3.2.1 LME Zinc 9
3.2.2 LME zinc stocks 9
4. Company News 10
4.1 Shengda Resources to acquire mining rights of Zhugongtang lead-zinc mine 10
4.2 Xiangsheng Environmental Protection Technology resumes zinc ingot production 10
4.3 Guangdong Found Mining restarts lead-zinc concentrate production 10
4.4 Aode Resources to resume lead-zinc concentrate production 10
4.5 Beishan Mining Development resumes lead-zinc concentrate production 10
4.6 Yunnan Haolong Industry resumes lead-zinc concentrate production 11
4.7 Sichuan Huili Lead&Zinc resumes zinc concentrate production 11
4.8 Jintai Mining to restart lead-zinc concentrate production 11
4.9 Hunan Sanli Group resumes zinc ingot production 11
4.10 Hunan Taifeng Mining Group restarts zinc ingot production 11
4.11 Bayannur Zijin limits zinc ingot production 11
4.12 Guosen Mining suspends lead and zinc concentrate production 12
4.13 Qinghai Huasheng Industry and Trade to resume lead-zinc concentrate production 12
4.14 Rongda Mining to restart lead-zinc concentrate production 12
4.15 Yuexi Mining to resume lead-zinc concentrate production 12
4.16 Xinchuan Mining to resume lead-zinc concentrate production 12
4.17 Baoxiang Mining to restart lead-zinc concentrate production 12
4.18 Yongchang Zinc Industry suspends zinc oxide production 13
4.19 Baohui Industry Group resumes zinc ingot production 13
4.20 Chengzhou Zinc Smelter of Gansu Changba Nonferrous Metal resumes zinc ingot production 13
4.21 Hulun Buir Chihong halts zinc ingot production 13
4.22 Jincheng Zinc & Nickel to resume zinc concentrate production 13
5. Producers Statistics 13
5.1 Refined zinc producers statistics 13
5.1.Asian Metal Copyright1.Asian Metal Copyright1 China's refined zinc producers' operating rate records 83.89% in Mar 2021 13
5.1.Asian Metal Copyright31% MOM in late Mar 2021 21 6.Asian Metal Copyright2 China's refined zinc producers' output up by 7.86% MOM in Mar 2021 14
5.1.Asian Metal Copyright2 China's zinc powder producers' output up by 25.Asian Metal Copyright3 China's refined zinc producers' stocks down by 42.86% MOM in late Mar 2021 15
5.2 Zinc die-casting alloy producers statistics 15
5.2.Asian Metal Copyright11 Bayannur Zijin limits zinc ingot production 11 4.Asian Metal Copyright1 China's zinc die-casting alloy producers' operating rate records 45.63% in Mar 2021 15
5.2.Asian Metal Copyright1 China's zinc oxide producers' operating rate records 56.Asian Metal Copyright2 China's zinc die-casting alloy producers' output up by 211.85% MOM in Mar 2021 16
5.2.Asian Metal Copyright86% MOM in late Mar 2021 15 5.Asian Metal Copyright3 China's zinc die-casting alloy producers' stocks down by 37.66% in late Mar 2021 16
5.3 Zinc oxide producers statistics 17
5.3.Asian Metal Copyright2 China's zinc powder producers' output up by 25.Asian Metal Copyright1 China's zinc oxide producers' operating rate records 56.39% in Mar 2021 17
5.3.Asian Metal Copyright2 China's zinc oxide producers' output up by 58.Asian Metal Copyright2 China's zinc oxide producers' output up by 58.91% MOM in Mar 2021 17
5.3.Asian Metal Copyright1.Asian Metal Copyright3 China's zinc oxide producers' stocks down by 42.77% MOM in late Mar 2021 18
5.4 Zinc powder producers statistics 18
5.4.Asian Metal Copyright15 Yuexi Mining to resume lead-zinc concentrate production 12 4.Asian Metal Copyright1 China's zinc powder producers' operating rate records 55.64% in Mar 2021 18
5.4.Asian Metal Copyright2 Zinc ingot 99.Asian Metal Copyright2 China's zinc powder producers' output up by 25.86% MOM in Mar 2021 19
5.4.Asian Metal Copyright995%min imports up by 13.Asian Metal Copyright3 China's zinc powder producers' stocks down by 34.08% MOM in late Mar 2021 19
5.5 Zinc concentrate producers statistics 20
5.5.Asian Metal Copyright2 CAAM: China's automobile sales increase by 364.Asian Metal Copyright1 China's zinc concentrate producers' operating rate records 53.55% in Mar 2021 20
5.5.Asian Metal Copyright14 Rongda Mining to restart lead-zinc concentrate production 12 4.Asian Metal Copyright2 China's zinc concentrate producers' output up by 32.14% MOM in Mar 2021 20
5.5.Asian Metal Copyright2 Chinese refined zinc producers' zinc concentrate inventory down by 1.Asian Metal Copyright3 China's zinc concentrate producers' stocks down by 25.31% MOM in late Mar 2021 21
6. Consumers Statistics 21
6.1 Chinese refined zinc producers' zinc concentrate consumption up by 4.6% MOM in Mar 2021 21
6.2 Chinese refined zinc producers' zinc concentrate inventory down by 1.43% MOM in late Mar 2021 22
7. Customs Statistics 22
7.1 China's zinc concentrate and ore imports down by 34.36% MOM in Feb 2021 23
7.2 China's zinc ingot 99.Asian Metal Copyright77% MOM in late Mar 2021 18 5.Asian Metal Copyright995%min imports up by 13.92% YOY in Feb 2021 24
8. Relevant Industry News 24
8.1 Government Work Report: Steadily increase bulk consumption including automobiles and home appliances 24
8.2 CAAM: China's automobile sales increase by 364.Asian Metal Copyright455 million vehicles in Feb 25 8.Asian Metal Copyright8% YOY to 1.455 million vehicles in Feb 25
8.3 Tangshan issues notification about production curbs and emission reduction measures for steel industry enterprises 25
8.4 Global car companies lift wave of shutdowns for chip shortage 25
9. Market Outlook for Next Month 25


.Asian Metal Copyright2 Chinese refined zinc producers' zinc concentrate inventory down by 1Asian Metal Copyright