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Global Zinc market reports a defict during Jan-Aug

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LONDON (Scrap Register): Global market for refined zinc metal was in deficit by 287 kilo tons over the first eight months of 2017 with total reported inventories declining by 274 kilo tons over the same period, according to the latest figures released by the International Lead and Zinc Study Group (ILZSG).

Global zinc mine production rose by 3.9% mainly as a result of rises in Eritrea, India, Peru and Turkey that more than offset reductions in Australia and the United States.

A marginal 0.1% fall in global refined zinc metal production was primarily due to the fact that reductions in Canada, China, the Republic of Korea, and Thailand were balanced by a significant increase in India.

Despite small declines in usage in China and Europe of 1.3% and 0.9% respectively, global refined zinc metal usage increased by 0.6%. This was mainly due to increases in Japan, Taiwan (China) and the United States.

Imports of zinc contained in zinc concentrates into China increased by 38.9% to 714 kilo tons. Chinese net imports of refined zinc metal decreased by 5.3% to total 302 kilo tons.

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