SHANGHAI, Jan. 21 -- The global refined zinc market was in a 424,000 mt surplus between January and November 2009, while the supply surplus of refined zinc in global market was 113,000 mt from January to November 2008, the International Lead and Zinc Study Group (ILZSG) said Wednesday.
The global zinc output was 10.258 million mt during the first 11 months of 2009, and global zinc consumption was 9.834 million mt.
ILZSG said the zinc supply surplus was 373,000 mt in western countries during the first 11 months of 2009, while zinc supply shortages reached 282,000 during the same period of 2008. Total zinc output was 5.521 million mt in western countries from January to November 2009, and total zinc consumption was 5.148 million mt.
ILZSG said the global demand for refined zinc from January to November 2009 dropped by 7.1% YoY, with demand declines reported in most countries, but with a growth of 16.9% in demand recorded in China.
ILZSG said the global output of refined zinc between January and November 2009 declined by 4.1% YoY, with output declines reported in Brazil, Canada, the Europe, Japan, South Korea, Peru, and the US, but with output increases recorded in Australia, China, and India.
(Edited by SMM)