Monthly Zinc Market Report Mar 2020

Content
1 Market Highlights 3
2 Economy and Policy 3
2.1 Economy and Policy in China 3
2.1.1 MIIT publishes standard conditions of lead-zinc industry 3
2.1.2 MIIT: Lead-zinc industry sees stable operation and differential profits in 2019 3
2.1.3 China's central bank to conduct targeted RRR cuts on Mar 16 4
2.2 Economy and Policy Abroad 4
2.2.1 Fed announces interest rate reduction 4
2.2.2 Fed lowers interest rate to zero 4
2.2.Asian Metal Copyright2 CAAM reports 79.Asian Metal Copyright3 U.Asian Metal Copyright13 Western Mining overhauls zinc ingot production lines 11 4.Asian Metal CopyrightS. Senate approves biggest-ever USD2 trillion economic incentive plan 4
2.2.4 G20 to launch USD5 trillion economic incentive plan in response to COVID-19 4
2.2.Asian Metal Copyright1% YOY decrease in vehicle sales in Feb 15 7.Asian Metal Copyright5 ILZSG: Global zinc surplus records 35.6kt in Jan 4
2.2.6 Russia to shut all border crossings to combat outbreak 5
2.2.7 Peru extends state of emergency over COVID-19 for 2 more weeks 5
3 Market Movements 5
3.1 Market Movements in China 5
3.1.1 Zinc ingot prices slump 5
3.1.2 TC and prices for zinc concentrate down 6
3.1.3 Zinc die-casting alloy prices down 7
3.1.4 Zinc oxide prices slump 8
3.1.5 Zinc powder prices substantially down 8
3.2 Market Movements Abroad 9
3.2.1 LME zinc prices fluctuate down 9
3.2.2 LME zinc stocks down slightly 9
4 Company News 9
4.1 Aode Industry and Trade restarts lead-zinc mine 9
4.2 Jintai Mining resumes lead-zinc concentrate production 9
4.3 Shengfa Nonferrous Metal resumes zinc ingot production 9
4.4 Sichuan Hongda maintains zinc ingot production line 9
4.5 American Zinc Recycling restarts production at facility in Rutherford County 10
4.6 Lantian High Tech resumes zinc ingot production 10
4.7 Baiyinnuoer Mining resumes lead-zinc concentrate production 10
4.8 Qingchengzi Mining resumes lead-zinc concentrate production 10
4.9 Changba Nonferrous Metal's zinc resumes zinc ingot production 10
4.10 Xingye Mining: Yinman Mining finishes 60% of rectification 10
4.11 Dongshengmiao Mining resumes lead-zinc concentrate production 11
4.12 Teck Resources and Korea Zinc reaches an agreement on zinc concentrate TC in 2020 11
4.13 Western Mining overhauls zinc ingot production lines 11
4.14 Vedanta shuts down lead-zinc mines and smelting plants in India and South Africa 11
4.15 Chihong Zinc & Germanium achieves total profits of RMB1.062 billion in 2019 11
4.16 Sumitomo to halt operations in Bolivia, Madagascar to prevent coronavirus spread 11
4.17 Baohui Industry resumes zinc ingot production 12
4.18 Taifeng Mining Group to resume zinc ingot production 12
4.19 Vedanta to suspend operations at Namibian zinc unit 12
5 Producers Statistics 12
5.1 China's refined zinc producers' output up by 2.2% MOM in Mar 12
5.2 China's refined zinc producers' operating rate records 73.0% in Mar 13
6 Customs Statistics 13
6.1 China's zinc concentrate and ore imports up by about 17.3% YOY in Jan-Feb 13
6.2 China's zinc ingot 99.Asian Metal Copyright10 Xingye Mining: Yinman Mining finishes 60% of rectification 10 4.Asian Metal Copyright995%min imports down by 29.3% YOY in Jan-Feb 14
7 Relevant Industry News 15
7.1 Many provinces invest more in infrastructure in 2020 15
7.2 CAAM reports 79.1% YOY decrease in vehicle sales in Feb 15
7.3 COVID-19 leads to shutdown of a large number of overseas car manufacturers 15
8 Market Outlook for Next Month 15


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