Refined Zinc Markets In Surplus Of 155600 Tonnes In January-April 2013: WBMS

Zinc........

World Bureau of Metals Statistics (WBMS) has come up with its numbers for major metals. The agency has said that World Zinc markets were in surplus of 5000 tonnes in the month of April 2013, as compared to a surplus of surplus of 29500 tonnes in March 2013.
Zinc was in surplus of 243100 tonnes in whole of 2012. On a cumulative basis, Zinc markets recorded a surplus of 155600 tonnes in January-April 2013, down 6.7 percent compared to a surplus of 166800 tonnes in the corresponding period last year. The closing stocks of Zinc at the end of April were 1.06 million tonnes, down 9.4 percent from the year ending 2012 when stocks were 1.17 million tonnes.
World mined Zinc production in April 2013 was 1.068 million tonnes, down 2.23 percent from 1.093 million tonnes in March 2013. In January-April 2013, World mined Zinc production was 4.22 million tonnes, up 1.2 percent compared to 4.17 million tonnes in January-April 2012.
Refined Zinc production was 1.11 million tonnes in April 2013, down 0.88 percent compared to 1.12 million tonnes in March 2013. In January-April 2013, World refined Zinc production was 4.34 million tonnes, up 6.7 percent compared to 4.09 million tonnes in January-April 2012.
China refined Zinc production in January-April 2013 was 1.72 million tonnes, up 11 percent from 1.55 million tonnes in January-April 2012. China produced 40 percent of total Zinc produced in the world. China production of refined Zinc in April was 452900 tonnes, down 2.9 percent compared to 466800 tonnes in March 2013.
Refined production of Zinc in Japan was 202800 tonnes in January-April 2013, up 0.84 percent from similar period last year. Production of Zinc was up to 46200 tonnes in April 2013 compared to 55500 tonnes in March 2013.
Refined production of Zinc in EU27 was 666000 tonnes in first four months of the year, up by 3.4 percent than 644000 tonnes in first four months of 2012.
Meanwhile, World refined Zinc consumption was 4.18 million tonnes in first four months of the year, up 6.3 percent from 3.93 million tonnes in January-April 2012. Chinese refined Zinc consumption was 1.92 million tonnes in January-April 2013, up 12 percent from 1.71 million tonnes in January-April 2012. China consumed 46 percent of total Zinc consumed in the world.
Refined Zinc consumption in US declined by 2.6 percent to 299500 tonnes in January-April 2013 compared to 307400 tonnes in similar period last year. Consumption of EU 27 was 556600 tonnes in January-April 2013, from 568300 tonnes in January-April 2012.
Source by Commodity Insights