Zinc Market Report February 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 dull 6
2.4.2 Zinc oxide produced from zinc scrap market sees no improvement 7
2.4.3 Zinc oxide 90-99% market sluggish 7
2.5 Zinc powder market 7
2.5.1 Super-fine zinc powder market dim 7
2.5.2 Metal zinc powder plants halt production 8
3 Production data 8
3.1 World supply of refined zinc metal exceeds demand by 123kt during 2015 8
3.2 Operating rate of China’s zinc smelters down to 60.45% in February 8
3.3 China’s zinc smelters’ stocks up by 1.67% MOM in late February 9
4 Import & export data analysis 10
4.1 China’s zinc import and export data by country in January 10
4.2 China’s zinc ore/concentrate imports up by 9.96% MOM in January 2016 11
4.3 China’s refined zinc imports down by 37.2% MOM in January 2016 12
4.4 China’s zinc alloy imports down by 18.56% MOM in January 13
4.5 Top ten Chinese zinc ore/concentrate importers in January 14
4.6 Top ten Chinese refined zinc importers in January 2016 14
5 Company news 15
5.1 Qingchengzi Mining’s lead-zinc mine to resume production in early March 15
5.2 Sanli Group to restart zinc ingot production in early March 15
5.3 Youcheng Galvanizing Steel Pipe resumes production on February 20th 15
5.4 Kunda Zinc resumes production for zinc oxide and zinc powder in late February 15
6 Related industry developments 16
6.1 China’s automobile sales volume increases by 7.72% year-on-year in January 16
7 Outlook for March 16

Graph 1 Three-month seller zinc on the LME in Jan-Feb 2016 4
Graph 2 Zinc stocks on the LME in Jan-Feb 2016 4
Graph 3 Prices for zinc concentrate 50%min in South China in Jan-Feb 2016 5
Graph 4 Prices for zinc concentrate 55%min in North China in Jan-Feb 2016 5
Graph 5 Prices for SHG zinc ingot in Jan-Feb 2016 6
Graph 6 Prices for Zamak-3 zinc alloy in Jan-Feb 2016 6
Graph 7 Prices for rubber grade zinc oxide 99.7%min from zinc ingot in Jan-Feb 2016 7
Graph 8 Prices for domestic 325 mesh zinc powder 98%min in Jan-Feb 2016 8
Graph 9 the average operating rate in zinc smelters in some provinces from January 2015 to February 2016 9
Graph 10 operating rates of China’s zinc smelters in 2015-2016 9
Graph 11 China’s zinc smelters’ stocks from 2015 to 2016 10
Graph 12 China zinc ore/concentrate imports in 2015-2016 11
Graph 13 Zinc ore/concentrate imported by China from Australia and Peru between Jan 2015 and Jan 2016 12
Graph 14 China’s refined zinc imports in 2015-2016 12
Graph 15 China’s main refined zinc import origins from Jan 2015 to Jan 2016 13
Graph 16 China’s zinc alloy imports in 2015-2016 13


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 January 2016 10
Table 4 China’s top 10 zinc ore/concentrate import companies in January 2016 14
Table 5 China’s top 10 refined zinc import companies in January 2016 14
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.Asian Metal Copyright67% MOM in late February 9 4 Import export data analysis 10 4Asian Metal Copyright