Zinc Market Report June 2015

Contents
Introduction 1
2 International market overview 1
3 Chinese domestic market review 2
3.1 Zinc prices soften continuously on the Chinese market in June but supply remains sufficient 2
3.2 Zinc ingot prices edge down continuously, trading thin 4
3.3 Die-casting zinc alloy trading thin, output decreases 5
3.4 Zinc oxide market 6
3.4.1 Producers active selling zinc oxide 6
3.4.2 Zinc scrap prices move down, trading on zinc oxide produced from zinc scrap flat on the market 7
3.4.3 Zinc oxide 90-99% market improves slightly 8
3.5 Zinc powder market 8
3.5.1 Super-fine zinc powder market trading slow 8
3.5.2 Metal zinc powder demand stable 9
3.6 Zinc sulfate prices decrease 9
4 Production data 10
4.1 China’s zinc concentrate output up by 8.67% MOM in May 2015 10
4.2 China’s refined zinc output up by 1.82% MOM in May 10
4.3 Operating rate of China’s zinc smelters down to 79.97% in June 11
4.4 China’s zinc smelters’ stocks up by 6.6% MOM in late June 12
4.5 China’s die-casting zinc alloy plants’ operating rate down to 44.96% in June 13
4.6 Operating rate of China’s zinc oxide plants down to 43.55% in June 14
4.7 Stocks at China’s zinc oxide plants down by 31.68% MOM in late June 15
5 Import & export data analysis 17
5.1 China’s zinc import and export data by country in May 17
5.2 China’s zinc ore/concentrate imports in May up by 109.88% YOY 19
5.3 China’s refined zinc imports down by 14.86% MOM in May 2015 21
5.4 China’s zinc alloy imports down by 1.89% MOM in May 22
5.5 China’s zinc oxide imports down by 5.03% MOM in May 23
5.6 China’s zinc powder imports up by 173% MOM in May 2015 25
5.7 Top ten Chinese zinc ore/concentrate importers in May 26
6 Company news 27
6.1 Dangchang Kaiyuan Lead-Zinc mine to expand its concentrator’s processing capacity 27
6.2 Caijiaying Mine suspends production temporarily 27
6.3 HulunBiur Chihong Mining’s zinc and lead smelters delay starting formal production in August 27
6.4 Zijin Zinc halts zinc ingot production for maintenance in late June 28
6.5 Yuguang Zinc reduces zinc ingot production for maintenance due to cooling towers on fire 28
6.6 Shache Hengchang Smelting’s 100,000tpy zinc smelting project to finish building in May 2016 28
7 Related industry developments 29
7.1 China’s crude steel output up by 2.56% YOY in May 29
7.2 China’s automobile sales volume down by 0.4% YOY in May 29
8 Outlook for July 29

Picture 1 Three-month seller zinc on the LME in June 2
Picture 2 Zinc stocks on the LME in June 2
Picture 3 Prices for zinc concentrate 50%min in South China in June 2015 3
Picture 4 Prices for zinc concentrate 55%min in North China in June 2015 4
Picture 5 Prices for SHG zinc ingot in June 2015 5
Picture 6 Prices for Zamak-3 zinc alloy in June 2015 6
Picture 7 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in June 2015 7
Picture 8 Prices for domestic 325 mesh zinc powder 98%min in June 2015 9
Picture 9 China’s refined zinc output in 2014-2015 11
Picture 10 China’s zinc smelters’ operating rate 2013-2015 12
Picture 11 China’s zinc smelters’ stocks in 2014-2015 13
Picture 12 China’s major die-casting zinc alloy producers’ operating rate 2014-2015 14
Picture 13 Operating rate of zinc oxide plants from 2014 to 2015 15
Picture 14 China’s zinc oxide plants’ stocks in 2014-2015 16
Picture 15 China zinc ore/concentrate imports 2014-2015 20
Picture 16 Zinc ore/concentrate imported by China from Australia and Peru between Jan 2014 and May 2015 20
Picture 17 China’s refined zinc imports in 2014-2015 21
Picture 18 China’s main refined zinc import origins in 2015 22
Picture 19 China’s zinc alloy imports in 2014-2015 23
Picture 20 China zinc oxide imports in 2014-2015 24
Picture 21 Origins of China’s zinc oxide imports in 2015 24
Picture 22 China zinc powder imports in 2014-2015 25
Picture 23 Origins of China's import zinc powder in 2015 26

Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 8
Table 2 The output changes of some zinc smelters in June 2015 11
Table 3 The operating rates in different regions 16
Table 4 Refined zinc, zinc alloy, zinc concentrate/ore import and export in May 2015 17
Table 5 China’s top 10 zinc ore/concentrate import companies in May 2015 26

.Asian Metal Copyright5Asian Metal Copyright