Zinc prices rose slightly this week

According to the data monitoring of business society, the replenishment of zinc stock in the zinc market increased after the festival, and the zinc price rose slightly. As of February 14, the price of zinc was 25616 yuan / ton, down 1.03% from 25354 yuan / ton on February 1 at the beginning of the month. After the festival, the demand for replenishment by customers increased, and the zinc price fluctuated and rose.

Zinc ingot inventory in Shanghai futures market increased sharply

time . Futures inventory . Increase or decrease

February 7 fifty-six thousand six hundred and eighteen 0

February 8 fifty-eight thousand and seventy-seven one thousand four hundred and fifty-nine

February 9 sixty-four thousand and eighty-one six thousand and four

February 10 sixty-seven thousand three hundred and forty-seven three thousand two hundred and sixty-six

February 11 seventy-four thousand six hundred and fifteen . seven thousand two hundred and sixty-eight

February 14th . eighty-nine thousand two hundred and sixty fourteen thousand six hundred and forty-five

According to the zinc ingot inventory data sheet of Shanghai futures market, as of February 14, the zinc ingot futures inventory of Shanghai futures market was 89260 tons. After the festival, the Shanghai Futures inventory increased greatly, the supply of zinc market was sufficient, the support for the rise of zinc price was weakened, and the rise of zinc price was weak.

Future forecast

Business analysts believe that the replenishment of downstream customers after the festival has promoted the price rise of zinc market. However, due to the large increase of zinc ingot inventory in Shanghai futures market, the supply of zinc market is sufficient, the support for the rise of zinc price is insufficient, and the rise of zinc price is limited. With the end of replenishment, the downward pressure of zinc price increases, and it is expected that the zinc price will fluctuate and fall slightly in the future.