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  • Zinc Market Report January 2012

    2012-03-13 17:43:42   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.

    Contents

    Introduction. 1

    1 Financial overview. 1

    1.1 CPI drops further in December and growth rate reaches 5.4% in 2011. 1

    1.2 PMI increases unexpectedly in January in China. 2

    1.3 Economic data improve in US. 2

    1.4 ECB issues liquidity and concerns on debt crisis decrease. 3

    2 International futures market review. 3

    2.1 Non-ferrous metals prices increase as oil & gold price remains high. 3

    2.2 Zinc futures on the LME rebounds greatly. 4

    3 Chinese domestic market review. 5

    3.1 Few deals concluded in Chinese zinc concentrate market 5

    3.2 Weak sentiment in zinc ingot market despite of the rising prices. 6

    3.3 Hot-galvanizing zinc alloy in oversupply situation. 7

    3.4 Zinc alloy casting plants stop production. 7

    3.5 Zinc oxide market 8

    3.5.1 Zinc oxide produced from zinc ingot market kept quiet 8

    3.5.2 Zinc oxide produced from zinc scrap market kept quiet 9

    3.5.3 Direct zinc oxide deals weak. 10

    3.6 Zinc powder market 10

    3.6.1 Exceeded fine zinc powder market keeps quiet 10

    3.6.2 Rare deals concluded in metal zinc powder market 11

    3.6.3 Mercury-free zinc powder market keeps flat 11

    3.7 Zinc chloride market keeps quiet with stable price. 11

    3.8 Zinc sulfate producers halted production in succession. 12

    4 Monthly output data. 12

    4.1 Major Chinese zinc smelters’ operating rate reaches 66.78% in January. 12

    4.2 Zinc oxide output dropped by 6.9% MOM in January. 14

    5 Import and export data of zinc in China. 14

    5.1 Chinese import and export data of zinc by country in December, 2011. 14

    5.2 China zinc concentrate/ore import down by 9.28% YOY in 2011. 16

    5.3 China refined zinc import increases sharply by 111% MOM in December 2011. 17

    5.4 China zinc oxide import up by 35.6% MOM in December. 18

    5.5 China zinc powder and flake powder import up by 28.3% MOM in December. 19

    5.6 China’s top 10 zinc ore/concentrate import companies in December 2011. 20

    5.7 China’s top 10 refined zinc import companies in November 2011. 21

    5.8 China’s top 10 zinc oxide import companies in November 2011. 21

    5.9 China’s top 10 zinc powder import companies in November 2011. 22

    6 Company news. 22

    6.1 Glencore buys 50.04% of Namibia’s Rosh Pinah Zinc. 22

    6.2 Nyrstar Tennessee zinc mine halts production after an equipment fire. 23

    6.3 Sichuan Hongda reduces zinc smelting production for maintenance. 23

    6.4 Luoping Zinc & Electricity stops production for maintenance. 23

    6.5 Jiangxi Copper to put lead and zinc ingot into the market in Q1. 23

    6.6 Taizhou Keda Zinc Industry halted zinc oxide production. 24

    6.7 Antai Zinc halted zinc powder production. 24

    6.8 Zinc chloride enterprises stopped production in China. 24

    6.9 Jiangxi Baohai Zinc Industry zinc sulfate supply tight 24

    7 Related industry developments. 25

    7.1 Crude steel output amounted to 52.Asian Metal Copyright 24 6.Asian Metal Copyright16 million tons, up by 0.7% YOY in December  25

    7.2 Production and sales volumes of auto increase MOM while decrease YOY in December  25

    7.3 Global paint market deals weak in January. 25

    7.4 Paint market operated difficultly. 25

    8 Outlook for February. 26

     

     

    Picture 1 Running chart of CPI and PPI in 2011. 2

    Picture 2 Price of gold in US in January, 2012. 3

    Picture 3 Price of crude oil in US in January, 2012. 4

    Picture 4 USD index in January, 2012. 4

    Picture 5 Zinc futures on the LME in January, 2012 (USD/t) 5

    Picture 6 The price graph of zinc concentrate 50%min in the Chinese spot market in January (RMB/metal ton) 6

    Picture 7 The price graph of SHG zinc ingot in the Chinese spot market in January (RMB/t) 7

    Picture 8 The price graph of Zamak-3 zinc alloy in the Chinese spot market in January (RMB/t) 8

    Picture 9 The price graph of rubber grade zinc oxide 99.7%min in January. 9

    Picture 10 The price graph of 325 mesh zinc powder 98%min in January. 11

    Picture 11 The price graph of industry grade zinc chloride 98%min in January. 12

    Picture 12 Major Chinese zinc smelters’ output by region in January, 2012 (Unit: t) 13

    Picture 13 Major Chinese zinc oxide producers’ output by region in January, 2012. 14

    Picture 14 China zinc ore/concentrate import in 2009-2011. 17

    Picture 15 China refined zinc import volume from 2010 to 2011. 18

    Picture 16 China zinc oxide import in 2009-2011(Unit:kg) 19

    Picture 17 China zinc powder and flake powder import volumes in 2009-2011. 20



    Table 1 Mainstream price of zinc oxide 99.7% produced from scrap in domestic market in January
      9

    Table 2 The operating rate of zinc ingot producers with different scales. 12

    Table 3 Data of refined zinc, zinc alloy, zinc concentrate/zinc ore in December 14

    Table 4 Import volume of zinc oxide in 2009-1011 (Unit: kg) 18

    Table 5 Import volume of zinc powder and flake powder in 2009-2011 (Unit: kg) 19

    Table 6 China’s top 10 zinc ore/concentrate import companies in December 2011. 20

    Table 7 China’s top 10 zinc ore/concentrate import companies in December 2011. 21

    Table 8 China’s top 10 zinc oxide import companies in December 2011. 21

    Table 9 China’s top 10 zinc powder import companies in December 2011. 22

     

    .Asian Metal Copyright8 Zinc sulfate producers halted production in successionAsian Metal Copyright
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