World Bureau of Metal Statistics (WBMS) September 20 published in its Web site data show that the first 7 months of this year, the global zinc supply shortage of 347,000 tons, 2016 full year for the shortage of 20.2 million tons.
July inventory can be reported during the reduction of 15,000 tons. July LME stocks fell 25,000 tons, as of the end of July compared to the end of 2016 to reduce the 163,000 tons. LME stocks account for 34% of the world’s total inventory.
During the period from January to July this year, China’s demand fell 0.4% from a year earlier. China’s refined zinc production fell by 1.9% year-on-year. China’s special high-grade zinc imports in July was 68,000 tons, so imports from January to July totaled 249,000 tons, down 60,000 tons from the same period last year.
The first seven months of this year, global refined zinc production increased by 0.6% year on year, consumption rose 2.3% year on year. Japan’s demand for 302,000 tons, an increase of 11.7%.
January-July global demand increased by 182,000 tons over the same period last year. China’s apparent demand for 377.4 million tons, accounting for more than 46% of the global total demand.
In July this year, the global flat zinc production of 1.0102 million tons, consumption of 1,199,600 tons.
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