Zinc Market Report November 2014
2014-12-17 14:45:33 【Print】
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Contents
Introduction 1
1 Financial news 1
1.1 Chinese domestic financial overview 1
1.1.1 CPI up by 1.6% and PPI down by 2.2% in October YOY 1
1.1.2 PMI down by 0.5% in November 2
1.2 International financial overview 3
1.2.1 Crude oil futures prices tumbled by 18.6% 3
1.2.2 US dollar index slightly climbs in November 4
2 International market overview 5
3 Chinese domestic market overview 7
3.1 China’s zinc concentrate supply remains sufficient in November 7
3.2 Zinc ingot prices fluctuate sharply, trading slow, spot premiums narrow 9
3.3 Producers prudent to sell ie-casting zinc alloy, processing charge decreases 10
3.4 Zinc oxide market 11
3.4.1 Market for zinc oxide produced from zinc ingots stable 11
3.4.2 Market for zinc oxide produced from zinc scrap slow, demand sluggish 12
3.4.3 Zinc oxide 90-99% market hard to improve 13
3.5 Zinc powder market 13
3.5.1 Fine zinc powder demand declines slightly 13
3.5.2 Metal zinc powder trading flat 14
3.6 Zinc sulfate market stable 14
4 Production data 15
4.1 China’s zinc concentrate production down by 6.28% MOM in October 2014 15
4.2 China’s refined zinc production in October reaches record high 16
4.3 Operating rate of China’s zinc smelters up to 82.3% in November 17
4.3 China’s zinc smelters’ stocks up by 15.2% MOM in late November 18
4.4 Operating rate of China’s die-casting zinc alloy plants down to 46.39% in November 19
4.5 Operating rate of China’s zinc oxide plants down to 40.57% in November 20
4.6 Stocks at China’s zinc oxide plants up by 23% MOM in late November 21
5 Import & export data analysis 22
5.1 China’s zinc import and export data by country in October 22
5.2 China’s zinc ore/concentrate imports up by 40.82% YOY in October 2014 26
5.3 China’s refined zinc imports down by 13.03% MOM in October 27
5.4China’s zinc oxide imports down by 26.4% MOM in October 28
5.5 China’s zinc powder imports down by 4.24% MOM in October 30
5.6 Top ten Chinese zinc ore/concentrate importers in October 32
5.7 Top ten Chinese refined zinc importers in October 33
5.8 Top ten Chinese zinc oxide importers in October 33
5.9 Top seven Chinese zinc powder importers in October 34
6 Company news 34
6.1 Xing’an Copper & Zinc to expand zinc smelting capacity to 125,000tpy in early 2015 34
6.2 Caijiaying Lead-Zinc Mine’s expansion project starts operation in December 2014 35
6.3 Jinwang Mine’s lead-zinc mining expansion project to start operation in late December 35
6.4 Sanli Group’ zinc smelter expansion project to start operation in March 2015 35
6.5 Cangzhou Jiewei Chemical’s zinc oxide expansion project to start operation in January 2015 35
7 Related industry developments 36
7.1 China’s crude steel output decreases in October 36
7.2 China’s automobile sales volume up by 2.8 % YOY in October 36
8 Outlook for December 36
Picture 1 China’s CPI and PPI trend in 2014 2
Picture 2 China’s PMI index in 2014 3
Picture 3 US crude oil futures price trend on major transaction market in November 4
Picture 4 USD index chart 2014 5
Picture 5 Three-month seller zinc on the LME in November 2014 6
Picture 6 Zinc stocks on the LME in November 2014 6
Picture 7 Prices for zinc concentrate 50%min in South China in Novermber 2014 8
Picture 8 Prices for zinc concentrate 55%min in North China in November 2014 9
Picture 9 Prices for SHG zinc ingot in November 2014 10
Picture 10 Price graph for Zamak-3 zinc alloy in November 2014 11
Picture 11 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in November 2014 12
Picture 12 Prices for 325 mesh zinc powder 98%min in November 2014 14
Picture 13 China’s zinc concentrate production 2011-2014 16
Picture 14 China’s refined zinc production 2011-2014 17
Picture 15 China’s zinc smelters’ operating rate 2013-2014 18
Picture 16 China’s zinc smelters’ stocks November 2013-November 2014 19
Picture 17 China’s major die-casting zinc alloy producers’ operating rate 2012-2014 20
Picture 18 China’s zinc oxide plants’ operating rate from 2012 to 2014 21
Picture 19 China’s zinc oxide plants’ stocks from January to November 2014 22
Picture 20 China’s zinc ore/concentrate imports 2013-2014 26
Picture 21 China’s refined zinc imports 2014 27
Picture 22 China’s refined zinc import origins 2014 28
Picture 23 China zinc oxide imports from January to October 29
Picture 24 The origins of China’s zinc oxide imports in October 2014 29
Picture 25 China’s zinc oxide import price 30
Picture 26 China’s zinc powder and flake powder imports from January to October 2014 31
Picture 27 Origins of China’s zinc powder and zinc flake powder imports from January to October 2014 32
Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 13
Table 2 Output changes of some zinc smelters in November 17
Table 3 Refined zinc, zinc alloy, zinc concentrate/ore imports and exports in October 2014 22
Table 4 China’s top 10 zinc ore/concentrate import companies in October 2014 32
Table 5 China’s top 10 refined zinc import companies in October 2014 33
Table 6 China’s top 10 zinc oxide import companies in October 2014 33
Table 7 China’s zinc powder import companies in October 2014 34
Introduction 1
1 Financial news 1
1.1 Chinese domestic financial overview 1
1.1.1 CPI up by 1.6% and PPI down by 2.2% in October YOY 1
1.1.2 PMI down by 0.5% in November 2
1.2 International financial overview 3
1.2.1 Crude oil futures prices tumbled by 18.6% 3
1.2.2 US dollar index slightly climbs in November 4
2 International market overview 5
3 Chinese domestic market overview 7
3.1 China’s zinc concentrate supply remains sufficient in November 7
3.2 Zinc ingot prices fluctuate sharply, trading slow, spot premiums narrow 9
3.3 Producers prudent to sell ie-casting zinc alloy, processing charge decreases 10
3.4 Zinc oxide market 11
3.4.1 Market for zinc oxide produced from zinc ingots stable 11
3.4.2 Market for zinc oxide produced from zinc scrap slow, demand sluggish 12
3.4.3 Zinc oxide 90-99% market hard to improve 13
3.5 Zinc powder market 13
3.5.1 Fine zinc powder demand declines slightly 13
3.5.2 Metal zinc powder trading flat 14
3.6 Zinc sulfate market stable 14
4 Production data 15
4.1 China’s zinc concentrate production down by 6.28% MOM in October 2014 15
4.2 China’s refined zinc production in October reaches record high 16
4.3 Operating rate of China’s zinc smelters up to 82.3% in November 17
4.3 China’s zinc smelters’ stocks up by 15.2% MOM in late November 18
4.4 Operating rate of China’s die-casting zinc alloy plants down to 46.39% in November 19
4.5 Operating rate of China’s zinc oxide plants down to 40.57% in November 20
4.6 Stocks at China’s zinc oxide plants up by 23% MOM in late November 21
5 Import & export data analysis 22
5.1 China’s zinc import and export data by country in October 22
5.2 China’s zinc ore/concentrate imports up by 40.82% YOY in October 2014 26
5.3 China’s refined zinc imports down by 13.03% MOM in October 27
5.4China’s zinc oxide imports down by 26.4% MOM in October 28
5.5 China’s zinc powder imports down by 4.24% MOM in October 30
5.6 Top ten Chinese zinc ore/concentrate importers in October 32
5.7 Top ten Chinese refined zinc importers in October 33
5.8 Top ten Chinese zinc oxide importers in October 33
5.9 Top seven Chinese zinc powder importers in October 34
6 Company news 34
6.1 Xing’an Copper & Zinc to expand zinc smelting capacity to 125,000tpy in early 2015 34
6.2 Caijiaying Lead-Zinc Mine’s expansion project starts operation in December 2014 35
6.3 Jinwang Mine’s lead-zinc mining expansion project to start operation in late December 35
6.4 Sanli Group’ zinc smelter expansion project to start operation in March 2015 35
6.5 Cangzhou Jiewei Chemical’s zinc oxide expansion project to start operation in January 2015 35
7 Related industry developments 36
7.1 China’s crude steel output decreases in October 36
7.2 China’s automobile sales volume up by 2.8 % YOY in October 36
8 Outlook for December 36
Picture 1 China’s CPI and PPI trend in 2014 2
Picture 2 China’s PMI index in 2014 3
Picture 3 US crude oil futures price trend on major transaction market in November 4
Picture 4 USD index chart 2014 5
Picture 5 Three-month seller zinc on the LME in November 2014 6
Picture 6 Zinc stocks on the LME in November 2014 6
Picture 7 Prices for zinc concentrate 50%min in South China in Novermber 2014 8
Picture 8 Prices for zinc concentrate 55%min in North China in November 2014 9
Picture 9 Prices for SHG zinc ingot in November 2014 10
Picture 10 Price graph for Zamak-3 zinc alloy in November 2014 11
Picture 11 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in November 2014 12
Picture 12 Prices for 325 mesh zinc powder 98%min in November 2014 14
Picture 13 China’s zinc concentrate production 2011-2014 16
Picture 14 China’s refined zinc production 2011-2014 17
Picture 15 China’s zinc smelters’ operating rate 2013-2014 18
Picture 16 China’s zinc smelters’ stocks November 2013-November 2014 19
Picture 17 China’s major die-casting zinc alloy producers’ operating rate 2012-2014 20
Picture 18 China’s zinc oxide plants’ operating rate from 2012 to 2014 21
Picture 19 China’s zinc oxide plants’ stocks from January to November 2014 22
Picture 20 China’s zinc ore/concentrate imports 2013-2014 26
Picture 21 China’s refined zinc imports 2014 27
Picture 22 China’s refined zinc import origins 2014 28
Picture 23 China zinc oxide imports from January to October 29
Picture 24 The origins of China’s zinc oxide imports in October 2014 29
Picture 25 China’s zinc oxide import price 30
Picture 26 China’s zinc powder and flake powder imports from January to October 2014 31
Picture 27 Origins of China’s zinc powder and zinc flake powder imports from January to October 2014 32
Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 13
Table 2 Output changes of some zinc smelters in November 17
Table 3 Refined zinc, zinc alloy, zinc concentrate/ore imports and exports in October 2014 22
Table 4 China’s top 10 zinc ore/concentrate import companies in October 2014 32
Table 5 China’s top 10 refined zinc import companies in October 2014 33
Table 6 China’s top 10 zinc oxide import companies in October 2014 33
Table 7 China’s zinc powder import companies in October 2014 34
