
China - Zinc Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
China's Zinc Ores and Concentrates Price Drops 3% to $982 per Ton
China Zinc Ore Import Price in March 2023
In March 2023, the zinc ore price stood at $982 per ton (CIF, China), falling by -2.6% against the previous month. Over the period under review, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 3.8% m-o-m. Over the period under review, average import prices attained the peak figure at $1,368 per ton in April 2022; however, from May 2022 to March 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the countries with the highest prices were Turkey ($1,253 per ton) and Peru ($1,141 per ton), while the price for Russia ($918 per ton) and Australia ($930 per ton) were amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced a decline.
COUNTRY | Import Price of Zinc Ore in China (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
Turkey | 1,411 | 1,435 | 1,471 | 1,249 | 533 | 1,189 | 1,080 | 940 | 1,169 | 1,045 | 940 | 1,077 | 1,253 |
Peru | 1,303 | 1,545 | 1,425 | 1,195 | 1,241 | 1,160 | 1,126 | 1,120 | 1,128 | 1,010 | 983 | 998 | 1,141 |
Eritrea | 1,614 | 1,332 | N/A | 1,319 | N/A | 905 | 1,333 | 881 | 1,121 | 1,063 | 1,043 | 1,121 | 1,135 |
Mongolia | 1,295 | 1,552 | 1,425 | 1,283 | 1,233 | 1,254 | 1,131 | 1,178 | 1,012 | 1,026 | 964 | 1,026 | 1,119 |
Spain | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 932 | 933 | N/A | 1,063 |
South Africa | 1,410 | 1,349 | 1,193 | 1,130 | 1,148 | 919 | 1,065 | 1,189 | 934 | 890 | 924 | 919 | 977 |
Kazakhstan | 1,210 | 1,332 | 1,354 | 1,090 | 1,213 | 1,113 | 906 | 990 | 923 | 873 | 930 | 937 | 962 |
Australia | 1,353 | 1,339 | 1,221 | 1,276 | 1,119 | 1,043 | 1,085 | 1,046 | 931 | 969 | 1,025 | 994 | 930 |
Russia | 1,354 | 1,320 | 1,281 | 1,323 | 1,044 | 1,038 | 1,036 | 1,011 | 935 | 943 | 952 | 992 | 918 |
Average | 1,330 | 1,368 | 1,265 | 1,217 | 1,118 | 1,065 | 1,082 | 1,053 | 987 | 953 | 971 | 1,007 | 982 |
China Zinc Ore Imports
In March 2023, after two months of growth, there was significant decline in supplies from abroad of zinc ores and concentrates, when their volume decreased by -31.9% to 321K tons. Over the period under review, total imports indicated a modest expansion from March 2022 to March 2023: its volume increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports decreased by -31.9% against February 2023 indices. The growth pace was the most rapid in August 2022 when imports increased by 30% against the previous month.
In value terms, zinc ores and concentrates imports plummeted to $315M (IndexBox estimates) in March 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when imports increased by 33% month-to-month.
China Zinc Ore Imports by Country
Australia (82K tons), South Africa (53K tons) and Peru (46K tons) were the main suppliers of zinc ores and concentrates imports to China, together comprising 57% of total imports. These countries were followed by Mongolia, Spain, Russia, Eritrea, Kazakhstan and Turkey, which together accounted for a further 29%.
From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mongolia (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest zinc ores and concentrates suppliers to China were Australia ($77M), Peru ($53M) and South Africa ($52M), together accounting for 58% of total imports. These countries were followed by Mongolia, Spain, Eritrea, Russia, Kazakhstan and Turkey, which together accounted for a further 31%.
Among the main suppliers, Mongolia, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the market for zinc ores and concentrates in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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