Zinc price fell on June 8

According to the data monitoring of the business agency, the zinc price rose on June 8, and the zinc market recovered. On June 8, the zinc price was 26296 yuan / ton, up 0.75% from 26100 yuan / ton on the previous trading day; On June 8, the zinc price rose and warmed up; Compared with 2021, the zinc price increased by 14.98% year-on-year.

Key points of analysis

Compared with the first quarter, the European energy crisis has eased, the cost of zinc smelting has decreased, the extreme market of zinc has eased, and the historical high of zinc price is difficult to break; Downstream enterprises have resumed production and work, enterprises in the zinc industry chain have started to increase, and the supply and demand of zinc city has slowly warmed up, but the supply and demand of zinc city has not yet recovered to the expected level, and the downward pressure of zinc city still has great upward momentum.

Aftermarket forecast

The high cost of zinc smelting is alleviated, the supply and demand recovery is less than expected, and the zinc price is difficult to reach a new high. The momentum for the rise of zinc market still exists. It is expected that the high zinc price will be adjusted in the future.