Zinc Market Report September 2017

Content
1 Market Highlights 4
2 Company News 4
2.1 Beishan Mining resumes zinc concentrate production 4
2.2 Zhenxing Lead resumes zinc ingot production 4
2.3 Western Mining delays zinc ingot resumption 4
3 Chinese Market 4
3.1 Economy and Policy 4
3.1.1 S&P cut China's sovereign debt rating 4
3.1.2 China began restricting oil exports to North Korea 4
3.1.3 The US dollar appreciated against Chinese yuan 4
3.2 Market Movements 4
3.2.1 Zinc ingot prices rebounded 4
3.2.2 Zinc concentrate prices slipped 5
3.2.3 Zinc die-casting alloy prices nearly stable 5
3.2.4 Zinc oxide prices up 5
3.2.5 Zinc powder prices rebounded 5
4 International Market 6
4.1 Market Movements 6
4.1.1 LME zinc prices went up 6
4.1.2 Treatment charge of imported zinc ore went down 6
5 Relevant Industry News 6
5.1 Tyre industry 6
5.2 Zinc hot-galvanizing alloy 7
5.3 Zinc scrap and zinc waste 7
6 Producer Statistics 7
6.1 Chinese refined zinc output up by 10% MOM in September 7
7 Customs Statistics 7
7.1 Chinese refined zinc imports down by 3.7% MOM in August 7
7.2 Chinese zinc ore imports up by 27% MOM in August 8
7.3 Chinese zinc oxide imports nearly stable in August 9
8 Market Outlook 9



Graph 1 Zinc ingot 99.995%min price trend in East China (RMB/t) 4
Graph 2 Zinc concentrate 50%min price trend in South China (RMB/metal ton) 5
Graph 3 Chinese zinc alloy Zamak-3 EXW price trend (RMB/t) 5
Graph 4 Chinese zinc oxide 99.7%min EXW price trend (RMB/t) 5
Graph 5 Chinese zinc powder 96%min price trend (RMB/t) 6
Graph 6 LME zinc spot settlement price trend (USD/t) 6
Graph 7 LME zinc stocks trend (Tonne) 6
Graph 8 Treatment charge CIF China of zinc ore 50%min (USD/t) 6
Graph 9 Chinese refined zinc output by month (KT) 7
Graph 10 Chinese refined zinc output in major provinces by month (KT) 7
Graph 11 Chinese refined zinc imports by month (Tonne) 7
Graph 12 Chinese refined zinc imports from major countries by month (Tonne) 8
Graph 13 Chinese imports of zinc ore by month (KT) 8
Graph 14 Chinese imports of zinc ore from major countries (KT) 8
Graph 15 Chinese zinc oxide imports by month (Tonne) 9
Graph 16 Chinese zinc oxide imports from major countries by month (Tonne) 9



Table 1 Chinese refined zinc imports from major countries (Tonne) 8
Table 2 Major Chinese zinc concentrate importers in August 9


.Asian Metal Copyright1 SP cut China's sovereign debt rating 4 3Asian Metal Copyright