Zinc Market Report January 2016

Introduction 4
1 International market overview 4
2 Chinese domestic market review 4
2.1 Trading flat on zinc concentrate market and zinc mines halt production in succession 4
2.2 Zinc ingot market sluggish 5
2.3 Die-casting zinc alloy market improves slightly 6
2.4 Zinc oxide market 6
2.4.1 Market for zinc oxide produced from zinc ingot flat 6
2.4.2 Zinc oxide produced from zinc scrap market slow 7
2.4.3 Many zinc oxide 90-99% plants halt production 7
2.5 Zinc powder market 7
2.5.1 Super-fine zinc powder market dim 7
2.5.2 Metal zinc powder plants keep low operating rates 8
3 Production data 8
3.1 World supply of refined zinc metal exceeds demand by 176kt during Jan-Nov 2015 8
3.2 Operating rate of China’s zinc smelters down to 65.5% in January 8
4 Import & export data analysis 9
4.1 China’s zinc import and export data by country in December 9
4.2 China’s zinc ore/concentrate imports down by 129.14% MOM in December 2015 11
4.3 China’s refined zinc imports up by 35.6% MOM in December 2015 12
4.4 China’s zinc alloy imports up by 18.6% MOM in December 13
4.5 China’s zinc oxide imports down by 39.8% MOM in December 13
4.6 Top ten Chinese zinc ore/concentrate importers in December 14
5 Company news 15
5.1 Guixin Mining Development halts lead-zinc mine production 15
5.2 Xinhai Zinc Products halts zinc ingot production on 20th January 15
5.3 Baohui Industry to halt zinc ingot production in late January 15
5.4 Hengchang Smelting’s 100,000tpy zinc smelting project to start operation in late 2016 15
5.5 Kecheng Nonferrous Metal New Material’s zinc powder sales volume down by 20.7% YOY in 2015 15
6 Related industry developments 16
6.1 China’s crude steel output down by 5.2% YOY in December 16
6.2 China’s automobile sales volume increases by 4.68% year-on-year in 2015 16
7 Outlook for February 16

Graph 1 Three-month seller zinc on the LME from December 2015 to January 2016 4
Graph 2 Zinc stocks on the LME from December 2015 to January 2016 4
Graph 3 Prices for zinc concentrate 50%min in South China from December 2015 to January 2016 5
Graph 4 Prices for zinc concentrate 55%min in North China from December 2015 to January 2016 5
Graph 5 Prices for SHG zinc ingot from December 2015 to January 2016 6
Graph 6 Prices for Zamak-3 zinc alloy from December 2015 to January 2016 6
Graph 7 Prices for rubber grade zinc oxide 99.7%min from zinc ingot from December 2015 to January 2016 7
Graph 8 Prices for domestic 325 mesh zinc powder 98%min from December 2015 to January 2016 8
Graph 9 China zinc ore/concentrate imports 2014-2015 11
Graph 10 Zinc ore/concentrate imported by China from Australia and Peru between Jan 2014 and Dec 2015 12
Graph 11 China’s refined zinc imports in 2014-2015 12
Graph 12 China’s main refined zinc import origins in 2015 13
Graph 13 China’s zinc alloy imports in 2014-2015 13
Graph 14 China’s zinc oxide imports in 2014-2015 14


Table 1 Prices for zinc oxide 99.7%min produced from zinc scrap 7
Table 2 World zinc supply and consumption in 2015 8
Table 3 Refined zinc, zinc alloy, zinc concentrate/ore import and export in December2015 9
Table 4 China’s top 10 zinc ore/concentrate import companies in December2015 14
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.Asian Metal Copyright2 China’s automobile sales volume increases by 4Asian Metal Copyright