WBMS: Global Zinc Market In 427,000-ton Surplus January-June -Shanghai Metals Market

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WBMS: Global Zinc Market In 427,000-ton Surplus January-June

Industry News 11:33:36AM Aug 18, 2011 Source:SMM

LONDON, Aug 17, 2011 (Dow Jones) -- The global zinc market recorded a surplus of 427,000 metric tons in January to June, the World Bureau of Metal Statistics said Wednesday.

This compares with a surplus of 395,000 recorded in the whole of 2010.

Refined production and consumption rose by 3.3% and 0.3% respectively compared with the very low levels recorded at the beginning of last year. Japanese demand was, at 249,700 tons, 1.8% below the equivalent total for January-June 2010.

World demand was 19,900 tons higher than in the first half of 2010.

Chinese apparent demand was 2.571 million tons, which is almost 43% of the global total. No allowance is made in the consumption calculation for unreported stock changes.

In June, slab zinc production was 1.110 million tons and consumption 1.060 million tons.

Key Words:  WBMS  zinc Zn 

WBMS: Global Zinc Market In 427,000-ton Surplus January-June

Industry News 11:33:36AM Aug 18, 2011 Source:SMM

LONDON, Aug 17, 2011 (Dow Jones) -- The global zinc market recorded a surplus of 427,000 metric tons in January to June, the World Bureau of Metal Statistics said Wednesday.

This compares with a surplus of 395,000 recorded in the whole of 2010.

Refined production and consumption rose by 3.3% and 0.3% respectively compared with the very low levels recorded at the beginning of last year. Japanese demand was, at 249,700 tons, 1.8% below the equivalent total for January-June 2010.

World demand was 19,900 tons higher than in the first half of 2010.

Chinese apparent demand was 2.571 million tons, which is almost 43% of the global total. No allowance is made in the consumption calculation for unreported stock changes.

In June, slab zinc production was 1.110 million tons and consumption 1.060 million tons.

Key Words:  WBMS  zinc Zn