Zinc Market Report July 2014
2014-08-15 14:04:42 【Print】
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Contents
Introduction 1
1 Financial news 1
1.1 Chinese domestic financial overview 1
1.1.1 China’s CPI up by 2.3% and PPI down by 1.1% YOY in June 1
1.1.2 July PMI hits another new high 2
1.2 International financial overview 3
1.2.1 Crude oil futures prices fall back 3
1.2.2 US dollar Index continues to climb 4
2 International market overview 5
3 Chinese domestic market overview 7
3.1 Zinc concentrate prices jump up sharply on the Chinese market during July 7
3.2 Zinc ingot prices rise considerably, reaching three-year highs 9
3.3 Consumers reluctant to purchase die-casting zinc alloy at high prices 10
3.4 Zinc oxide market 11
3.4.1 Prices for zinc oxide produced from zinc ingots climb continuously 11
3.4.2 Thin trading in market for zinc oxide produced from zinc scrap 12
3.4.3 Zinc oxide 90-99% market flat 13
3.5 Zinc powder market 13
3.5.1 Fine zinc powder prices soar, trading slows 13
3.5.2 Metal zinc powder market dim 14
3.6 Zinc chloride prices rise, deals decrease slightly 14
3.7 Zinc sulfate market improves slightly 15
4 Production data 15
4.1 China’s refined zinc production up by 3.8% YOY in H1 15
4.2 China’s zinc smelters’ operating rate up to 79.76% in July 16
4.3 China’s zinc smelters’ stocks down by 34.78% MOM in late July 17
4.4 China’s die-casting zinc alloy plants’ operating rates down to 48.1% in July 18
4.5 China’s zinc oxide plants’ operating rate up to 48.9% in July 19
4.6 China’s zinc oxide plants’ stocks down by 3.7% MOM in late July 20
5 Import & export data analysis 21
5.1 China’s zinc import and export data by country in June 21
5.2 China’s zinc ore/concentrate imports down by 29.39% YOY in June 2014 23
5.3 China’s refined zinc imports up by 40.58% MOM in June 24
5.4 China’s zinc oxide imports down by 6.8% MOM in June 26
5.5 China’s zinc powder imports up by 12.5% MOM in June 28
5.6 Top ten Chinese zinc ore/concentrate importers in June 30
5.7 Top ten Chinese refined zinc importers in June 30
5.8 Top ten Chinese zinc oxide importers in June 31
5.9 Chinese zinc powder importers in June 31
6 Company news 32
6.1 Xing’an Copper & Zinc halts zinc ingot production in July 32
6.2 Chengzhou Zinc resumes zinc ingot production 32
6.3 Western Mining delays its zinc smelter’s maintenance 32
6.4 Zhesheng Lead-Zinc Mine to start trial operation in October 2014 33
6.5 Tianjin Yachang Zinc Industry to expand its zinc oxide capacity to 14,400tpy 33
6.6 Umicore Hunan Fuhong Zinc Chemicals builds a new zinc powder plant 33
7 Related industry developments 33
7.1 China’s crude steel output up by 4.5% YOY in June 33
7.2 China’s automobile sales volume up by 5.23% YOY in June 34
8 Outlook for July 34
Picture 1 China’s CPI and PPI trend 2012-2014 2
Picture 2 China’s PMI index in 2012-2014 3
Picture 3 Futures prices of crude oil in US in 2014 4
Picture 4 USD index chart 2014 5
Picture 5 Three-month seller zinc on the LME in July 2014 6
Picture 6 Zinc stocks on the LME in July 2014 6
Picture 7 Prices for zinc concentrate 50%min in South China in June 2014 8
Picture 8 Prices for zinc concentrate 55%min in North China in June 2014 9
Picture 9 Prices for SHG zinc ingot in July 2014 10
Picture 10 Price graph for Zamak-3 zinc alloy in July 2014 11
Picture 11 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in July 2014 12
Picture 12 Prices for 325 mesh zinc powder 98%min in July 2014 14
Picture 13 Prices for industrial grade zinc chloride 98%min in July 2014 15
Picture 15 China’s refined zinc production 2011-2014 16
Picture 16 China’s zinc smelters’ operating rate 2012-2014 17
Picture 17 China’s zinc smelters’ stocks November 2013-July 2014 18
Picture 18 China’s major die-casting zinc alloy producers’ operating rate 2012-2014 19
Picture 19 China’s zinc oxide plants’ operating rate from 2012 to 2014 20
Picture 20 China’s zinc oxide plants’ stocks from January to July 2014 21
Picture 21 China’s zinc ore/concentrate imports 2013-2014 24
Picture 22 China’s refined zinc imports 2014 25
Picture 23 China’s refined zinc import origins 2014 26
Picture 24 China zinc oxide imports 2013-2014 27
Picture 25 The origins of China’s zinc oxide imports in June 2014 27
Picture 26 China’s zinc oxide imports prices from 2012 to 2014 28
Picture 27 China’s zinc powder and flake powder imports from January to June 2014 29
Picture 28 Origins of China’s zinc powder and zinc flake powder imports from January to June 2014 29
Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 13
Table 2 Refined zinc, zinc alloy, zinc concentrate/ore imports and exports in June 2014 21
Table 3 China’s top 10 zinc ore/concentrate import companies in June 2014 30
Table 4 China’s top 10 refined zinc import companies in June 2014 30
Table 5 China’s top 10 zinc oxide import companies in June 2014 31
Table 6 China’s zinc powder import companies in June 2014 31
Introduction 1
1 Financial news 1
1.1 Chinese domestic financial overview 1
1.1.1 China’s CPI up by 2.3% and PPI down by 1.1% YOY in June 1
1.1.2 July PMI hits another new high 2
1.2 International financial overview 3
1.2.1 Crude oil futures prices fall back 3
1.2.2 US dollar Index continues to climb 4
2 International market overview 5
3 Chinese domestic market overview 7
3.1 Zinc concentrate prices jump up sharply on the Chinese market during July 7
3.2 Zinc ingot prices rise considerably, reaching three-year highs 9
3.3 Consumers reluctant to purchase die-casting zinc alloy at high prices 10
3.4 Zinc oxide market 11
3.4.1 Prices for zinc oxide produced from zinc ingots climb continuously 11
3.4.2 Thin trading in market for zinc oxide produced from zinc scrap 12
3.4.3 Zinc oxide 90-99% market flat 13
3.5 Zinc powder market 13
3.5.1 Fine zinc powder prices soar, trading slows 13
3.5.2 Metal zinc powder market dim 14
3.6 Zinc chloride prices rise, deals decrease slightly 14
3.7 Zinc sulfate market improves slightly 15
4 Production data 15
4.1 China’s refined zinc production up by 3.8% YOY in H1 15
4.2 China’s zinc smelters’ operating rate up to 79.76% in July 16
4.3 China’s zinc smelters’ stocks down by 34.78% MOM in late July 17
4.4 China’s die-casting zinc alloy plants’ operating rates down to 48.1% in July 18
4.5 China’s zinc oxide plants’ operating rate up to 48.9% in July 19
4.6 China’s zinc oxide plants’ stocks down by 3.7% MOM in late July 20
5 Import & export data analysis 21
5.1 China’s zinc import and export data by country in June 21
5.2 China’s zinc ore/concentrate imports down by 29.39% YOY in June 2014 23
5.3 China’s refined zinc imports up by 40.58% MOM in June 24
5.4 China’s zinc oxide imports down by 6.8% MOM in June 26
5.5 China’s zinc powder imports up by 12.5% MOM in June 28
5.6 Top ten Chinese zinc ore/concentrate importers in June 30
5.7 Top ten Chinese refined zinc importers in June 30
5.8 Top ten Chinese zinc oxide importers in June 31
5.9 Chinese zinc powder importers in June 31
6 Company news 32
6.1 Xing’an Copper & Zinc halts zinc ingot production in July 32
6.2 Chengzhou Zinc resumes zinc ingot production 32
6.3 Western Mining delays its zinc smelter’s maintenance 32
6.4 Zhesheng Lead-Zinc Mine to start trial operation in October 2014 33
6.5 Tianjin Yachang Zinc Industry to expand its zinc oxide capacity to 14,400tpy 33
6.6 Umicore Hunan Fuhong Zinc Chemicals builds a new zinc powder plant 33
7 Related industry developments 33
7.1 China’s crude steel output up by 4.5% YOY in June 33
7.2 China’s automobile sales volume up by 5.23% YOY in June 34
8 Outlook for July 34
Picture 1 China’s CPI and PPI trend 2012-2014 2
Picture 2 China’s PMI index in 2012-2014 3
Picture 3 Futures prices of crude oil in US in 2014 4
Picture 4 USD index chart 2014 5
Picture 5 Three-month seller zinc on the LME in July 2014 6
Picture 6 Zinc stocks on the LME in July 2014 6
Picture 7 Prices for zinc concentrate 50%min in South China in June 2014 8
Picture 8 Prices for zinc concentrate 55%min in North China in June 2014 9
Picture 9 Prices for SHG zinc ingot in July 2014 10
Picture 10 Price graph for Zamak-3 zinc alloy in July 2014 11
Picture 11 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in July 2014 12
Picture 12 Prices for 325 mesh zinc powder 98%min in July 2014 14
Picture 13 Prices for industrial grade zinc chloride 98%min in July 2014 15
Picture 15 China’s refined zinc production 2011-2014 16
Picture 16 China’s zinc smelters’ operating rate 2012-2014 17
Picture 17 China’s zinc smelters’ stocks November 2013-July 2014 18
Picture 18 China’s major die-casting zinc alloy producers’ operating rate 2012-2014 19
Picture 19 China’s zinc oxide plants’ operating rate from 2012 to 2014 20
Picture 20 China’s zinc oxide plants’ stocks from January to July 2014 21
Picture 21 China’s zinc ore/concentrate imports 2013-2014 24
Picture 22 China’s refined zinc imports 2014 25
Picture 23 China’s refined zinc import origins 2014 26
Picture 24 China zinc oxide imports 2013-2014 27
Picture 25 The origins of China’s zinc oxide imports in June 2014 27
Picture 26 China’s zinc oxide imports prices from 2012 to 2014 28
Picture 27 China’s zinc powder and flake powder imports from January to June 2014 29
Picture 28 Origins of China’s zinc powder and zinc flake powder imports from January to June 2014 29
Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 13
Table 2 Refined zinc, zinc alloy, zinc concentrate/ore imports and exports in June 2014 21
Table 3 China’s top 10 zinc ore/concentrate import companies in June 2014 30
Table 4 China’s top 10 refined zinc import companies in June 2014 30
Table 5 China’s top 10 zinc oxide import companies in June 2014 31
Table 6 China’s zinc powder import companies in June 2014 31
