On September 13, the domestic market for zinc metal rose, the average price of metal zinc in the domestic spot market was 21,622.50 yuan / ton, up 1.11% from the previous trading day; the average ex-factory price was 22,118.57 yuan / ton, compared with the previous trading day. The price rose by 0.81%.

The zinc (market) commodity index on September 12 was 122.16, down 0.61 points from yesterday and down 21.58% from the highest point of the cycle of 155.77 points (2017-10-09), compared with the lowest point of 72.28 on November 22, 2015. It has risen by 69.01%. (Note: Period refers to 2011-09-01 to date).

On September 13, zinc prices rose, and the recent zinc price shocks adjusted. On September 13, domestic zinc prices rebounded and prices rose by around RMB 200/ton. The overall demand of the zinc market did not change significantly, the market performance struggled, and the zinc warehouse inventory increased, but the Shanghai stock market’s recent inventory is still at a low level. On September 13th, the inventory of zinc ingots in Shanghai futures market was 4,160 tons, and the inventory increased by 1,292 tons. The market activity of zinc ingots was poor, and the overall transaction volume was low.

Market outlook: After the market outlook, market demand has not improved significantly, and zinc prices have not been able to rise. The sharp drop in zinc prices has stimulated some consumption. Zinc demand has risen temporarily and zinc prices have rebounded. However, zinc stocks have seen significant growth in recent stocks. Shanghai futures zinc ingots have an inventory of 4,160 tons. Futures inventories have increased substantially. Zinc supply is sufficient and zinc prices are sufficient. Insufficient growth momentum, zinc prices are unlikely to produce large increases. There was no major change in the supply and demand environment, and the zinc price growth in the market was weak. It is expected that the zinc price in the market will fluctuate.