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  • Zinc Market Report February 2012

    2012-04-25 09:49:33   【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.

    Introduction. 1

    1 Macro-economy news. 1

    1.1 China CPI rises in January due to the Spring Festival 1

    1.2 Chinese PMI rises in February and economy sees soft landing. 2

    1.3 Greek salvage agreement concluded European national debt auction successful 3

    1.4 US economic data positive but not enough for recovery. 3

    1.5The Middle East situation worsens crude oil price surges. 4

    1.6 European situation eases USDX weak. 4

    1.7 Weak US dollars supports high price of gold. 5

    2 International market review. 6

    2.1 Zinc futures on the LME fluctuate. 6

    3 Chinese domestic market review. 6

    3.1 Short supply in Chinese zinc concentrate market 6

    3.2 Zinc ingot prices fluctuate narrowly and trading keeps quiet 8

    3.3 Poor prospect for hot-galvanizing zinc alloy market 9

    3.4 Die-casting zinc alloy demand increases slowly. 9

    3.5 Zinc oxide market 10

    3.5.1 Zinc oxide produced from zinc ingot market kept quiet 10

    3.5.2 Zinc oxide produced from scrap kept quiet 11

    3.5.3 Direct method zinc oxide prices low and buying activities inactive. 12

    3.6 Zinc powder market 12

    3.6.1 Superfine zinc powder market remained sluggish. 12

    3.6.2 Zinc powder market kept dim. 13

    3.6.3 Mercury-free zinc powder remained flat 13

    3.7 Zinc chloride market remained quiet with price decrease. 13

    3.8 Zinc sulfate market kept firm. 14

    4 Monthly output data. 15

    4.1 China’s major zinc smelters’ operating rate increases to 70% in February. 15

    4.2 Zinc oxide output increased by 77.8% MOM in February. 16

    5 Import and export data of zinc in China. 17

    5.1 Chinese import and export data of zinc by country in January, 2012. 17

    5.2 China zinc concentrate import declines by 37.03% YOY in January 2012. 19

    5.3 China refined zinc import increases by 46.7% YOY in January. 20

    5.4 Zinc oxide import increased by 6.9% YOY in January. 21

    5.5 Zinc powder import volume decreased by 21% YOY in January. 22

    5.6 Top ten Chinese zinc ore/concentrate importers January 2012. 23

    5.7 Top ten Chinese refined zinc importers January 2012. 23

    5.8 Top ten Chinese zinc oxide importers January 2012. 24

    5.9 Top ten Chines zinc powder importers January 2012. 24

    6 Company news. 25

    6.1 Zhuzhou Smelter Group loses RMB600 million. 25

    6.2 Huludao Zinc Industry expects to lose RMB1 billion in 2011. 25

    6.3 Zhangzhou Sigma to bring die-casting zinc alloy project into production in Q2. 26

    6.4 Taifeng Group begins zinc ingot production on 60,000tpy project 26

    6.5 Nanfang Non-ferrous Metals stops zinc ingot production and sales. 26

    6.6 Sanli Group resumes zinc ingot production. 26

    6.7 Name list of direct method zinc oxide enterprise stopped production in February. 26

    6.8 Liuzhou Zhongse halts zinc oxide for two days due to cadmium pollution accident 27

    6.9 Zhongxin Technology Company to go into zinc powder production in early March. 27

    6.10 Yunnan Dianjiu Mine no longer produces EF zinc powder. 27

    6.11 Zhongjin Lingnan Company plans not to resume zinc sulfate monohydrate production   27

    6.12 Hubei Hengliwei Chemical Company to expand up to with an annual output of 6000tpy of zinc-rich industrial anti-corrosion coatings. 28

    7 Related industry developments. 28

    7.1 World crude steel output decreases in January. 28

    7.2 Production and marketing volumes decreased in December last year YOY and MOM    29

    7.3 Economic efficiency situation of domestic coating industry in 2011. 29

    8 Outlook for March. 29

     

    Picture 1 CPI and PPI in China from Jan 2011 to Feb 2012. 2

    Picture 2 Chinese PMI in 2011-2012. 3

    Picture 3 US crude oil futures price. 4

    Picture 4 USDX trend. 5

    Picture 5 International gold price. 5

    Picture 6 Zinc futures on the LME in February. 6

    Picture 7 The price graph of zinc concentrate 50%min in the Chinese spot market in February  7

    Picture 8 The price graph of SHG zinc ingot in the Chinese spot market in February. 8

    Picture 9 The price graph of Zamak-3 zinc alloy in the Chinese spot market in February  10

    Picture 10 Prices of rubber grade zinc oxide 99.7%min from zinc ingot in February. 11

    Picture 11 Prices of domestic zinc powder 98%min of 325 meshed in February. 13

    Picture 12 China zinc chloride 98%min price in February. 14

    Picture 13 Major Chinese zinc smelters’ output by region in February, 2012. 16

    Picture 14 Major Chinese zinc oxide’ output by region in February, 2012. 17

    Picture 15 China zinc ore/concentrate import 2011-2012. 20

    Picture 16 China refined zinc import volume from 2010 to 2011. 21

    Picture 17 China zinc oxide import volume in January. 22

    Picture 18  China zinc powder and flake powder import volume in January. 23

     

     

     

    Table 1 Prices of zinc oxide 99.7%min from scrap in domestic market 11

    Table 2 The operating rate of zinc ingot producers with different scales. 15

    Table 3 Data of refined zinc, zinc alloy, zinc concentrate/zinc ore in December 17

    Table 4 China zinc oxide and flake powder import from 2009 to 2012. 21

    Table 5 China zinc powder and flake powder import from 2009 to 2012. 22

    Table 6 China’s top 10 zinc ore/concentrate import companies in January 2012. 23

    Table 7 China’s top 10 refined zinc import companies in January 2012. 24

    Table 8 China’s top 10 zinc oxide import companies in January 2012. 24

    Table 9 China’s top 10 zinc powder import companies in January 2012. 25

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