Zinc Market Report August 2015

Contents
Introduction 1
2 International market overview 1
3 Chinese domestic market review 3
3.1 Chinese zinc concentrate prices head down further during August 3
3.2 Zinc ingot prices edge down continuously, trading thin 5
3.3 Die-casting zinc alloy trading thin 6
3.4 Zinc oxide market 7
3.4.1 Market for zinc oxide produced from zinc ingot sluggish 7
3.4.2 Some zinc oxide produced from zinc scrap plants halt production, trading dim 8
3.4.3 Zinc oxide 90-99% prices move down 9
3.5 Zinc powder market 9
3.5.1 Super-fine zinc powder market trading tepid 9
3.5.2 Metal zinc powder demand stable 10
3.6 Demand for zinc sulfate dull 10
4 Production data 11
4.1 China’s zinc concentrate output down by 8.64% YOY in Jan-Jul 2015 11
4.2 China’s refined zinc output down by 7.4% MOM in July 12
4.3 Operating rate of China’s zinc smelters up to 80.74% in August 13
4.4 China’s zinc smelters’ stocks up by 5.46% MOM in late August 14
4.5 China’s die-casting zinc alloy plants’ operating rate up to 45.72% in August 15
4.6 Operating rate of China’s zinc oxide plants down to 46.8% in August 16
4.7 Stocks at China’s zinc oxide plants down by 20.9% MOM in late August 17
5 Import & export data analysis 18
5.1 China’s zinc import and export data by country in June 18
5.2 China’s zinc ore/concentrate imports up by 84.47% YOY in July 2015 21
5.3 China’s refined zinc imports up by 73.39% MOM in July 2015 23
5.4 China’s zinc alloy imports up by 4.02% MOM in July 25
5.5 China’s zinc oxide imports down by 15.7% MOM in July 26
5.6 Top ten Chinese zinc ore/concentrate importers in July 27
6 Company news 28
6.1 Zhesheng Lead-Zinc Mine delays starting production to late 2015 28
6.2 Caijiaying Lead-Zinc Mine’s zinc concentrate output up by 4.9% in H1 2015 28
6.3 Shizishan Mine’s lead and zinc concentrate output declines in H1 2015 28
6.4 Western Mining resumes zinc ingot production 29
6.5 Yuguang Gold & Lead resumes zinc ingot production on August 20th 29
6.6 Sanli Group’s zinc smelter expansion project to delay starting operation 29
7 Related industry developments 29
7.1 China’s crude steel output down by 4.6% YOY in July 29
7.2 China’s automobile sales volume down by 7.21% YOY in July 30
8 Outlook for September 30

Picture 1 Three-month seller zinc on the LME in August 2
Picture 2 Zinc stocks on the LME in August 2
Picture 3 Prices for zinc concentrate 50%min in South China in July-August 2015 4
Picture 4 Prices for zinc concentrate 55%min in North China in July-August 2015 5
Picture 5 Prices for SHG zinc ingot in July-August 2015 6
Picture 6 Prices for Zamak-3 zinc alloy in July-August 2015 7
Picture 7 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in July-August 2015 8
Picture 8 Prices for domestic 325 mesh zinc powder 98%min in July-August 2015 10
Picture 9 China’s zinc concentrate output Jan 2014-Jul 2015 11
Picture 10 China’s refined zinc output in 2014-2015 13
Picture 11 China’s zinc smelters’ operating rate 2014-2015 14
Picture 12 China’s zinc smelters’ stocks in 2014-2015 15
Picture 13 China’s major die-casting zinc alloy producers’ operating rate 2014-2015 16
Picture 14 Operating rate of zinc oxide plants from 2014 to 2015 17
Picture 15 China’s zinc oxide plants’ stocks in 2014-2015 18
Picture 16 China zinc ore/concentrate imports 2014-2015 22
Picture 17 Zinc ore/concentrate imported by China from Australia and Peru between Jan 2014 and Jul 2015 22
Picture 18 China’s refined zinc imports in 2014-2015 24
Picture 19 China’s main refined zinc import origins in 2015 25
Picture 20 China’s zinc alloy imports in 2014-2015 26
Picture 21 China zinc oxide imports in 2014-2015 27

Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 9
Table 2 The output changes of some zinc smelters in August 2015 13
Table 3 Refined zinc, zinc alloy, zinc concentrate/ore import and export in June 2015 18
Table 4 China’s top 10 zinc ore/concentrate import companies in July 2015 27

.Asian Metal Copyright4 Zinc oxide market 7 3Asian Metal Copyright