World Zinc Markets Were In 82200 Tonnes Surplus In February Says 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 82200 tonnes in the month of February 2013, as compared to a surplus of surplus of 56400 tonnes in January 2013.

Zinc

was in surplus of 290000 tonnes in whole of 2012. On a cumulative basis, Zinc markets recorded a surplus of 138700 tonnes in January-February 2013 compared to a surplus of 139500 tonnes in the corresponding period last year. The closing stocks of Zinc at the end of February were 1.936 million tonnes, up 0.4 percent from the year ending 2012 when stocks were 1.929 million tonnes.

World mined Zinc production in February 2013 was 1.03 million tonnes, up 1 percent from 1.044 million tonnes in January 2013. In January-February 2013, World mined Zinc production was 2.08 million tonnes, up 7.7 percent compared to 1.93 million tonnes in January-February 2012.

Refined Zinc production of Zinc was 1.05 million tonnes in February 2013, down 1 percent compared to 1.06 million tonnes in January 2013. Production of refined Zinc in January-February 2013 was 2.12 million tonnes, compared to 2.02 million tonnes in January-February 2012.

China refined Zinc production in January-February 2013 was 791000 tonnes, up 3 percent from 767100 tonnes in January-February 2012. China produced 37 percent of total Zinc produced in the world. China production of refined Zinc in February was 395500 tonnes, unchanged from January 2013.

Refined production of Zinc in Japan was 101000 tonnes in January-February 2013, down by 5000 tonnes from similar period last year. Production in February was down to 46000 tonnes compared to 55000 tonnes in January 2013.

Refined production of Zinc in EU27 was 341500 tonnes in first two months of the year, lower by 5.4 percent than 323900 tonnes in first two months of January-February 2012.

Meanwhile, World refined Zinc consumption was 1.98 million tonnes in first two months of the year, up 5.2 percent from 1.88 million tonnes in January-February 2012. Chinese refined Zinc consumption was 845600 million tonnes in January-February 2013, up 0.5 percent from 841600 tonnes in January-February 2012. China consumed 43 percent of total Zinc consumed in the world.

Refined consumption in US increased by 2 percent to 147500 tonnes in January-February 2013 compared to 144500 tonnes in similar period last year. Consumption of EU 27 was 287600 tonnes in January-February 2013, up 6 percent from 272000 tonnes in January-February 2012.

Source by Commodity Insights