WBMS: Global Zinc Deficit Recorded 105,900 mt in Jan-Nov 2021

SHANGHAI, Jan 20 - A report released by the World Bureau of Metal Statistics (WBMS) on Wednesday January 19 show that the global zinc market supply shortfall recorded 105,900 mt in January-November 2021, compared with an annual surplus of 613,000 mt in 2020.

Stocks were reported to fall 28,800 mt in the same period, including a net increase of 39,000mt in Shanghai.

LME stocks were 73,800 mt lower than at the end of 2020.

LME stocks represent around 34% of total global inventories, most of which are located in Asian and US warehouses. The relative data denotes apparent demand, and the data may not fully reflect the impact of the anti-pandemic measures.

Global refined zinc output climbed by 0.8% year-on-year and the demand rose by 6.4%.

Japanese apparent demand in January-November 2021 stood at 491,800 mt, 47% higher than the same period in 2020.

Global zinc demand in January-November 2021 was 777,000 mt higher than in the same period in 2020.

Apparent demand in China was 6.416 million mt, amounting 50% of the global share.

Zinc plate/sheet output in November was 1,183,000 mt, and the demand was 1,162,600 mt.