This week, the zinc price fluctuated and fell

According to the data monitoring of the business agency, the zinc price fell violently this week, and the zinc market fell back. As of June 13, the zinc price was 25924 yuan / ton, down 0.95% from 26172 yuan / ton on June 1 at the beginning of the month; Compared with the zinc price of 26416 yuan / ton on June 6 at the beginning of the week, the price fell by 1.86%.

Reduction of zinc smelting cost

Recently, the processing fee of zinc smelting has decreased, the cost of zinc smelting has decreased, and the support of zinc price rise has weakened; The price of natural gas in Europe has dropped, the cost of zinc smelting in Europe has dropped, the profits of European refineries have been repaired, the operating rate of refineries may rise, the processing fee of imported zinc concentrate will decline at a high level, the supply at the outer ore end is relatively loose, and the tight supply situation of zinc ingots may be relieved. At the weekend, the natural gas port in the United States exploded, and the price of natural gas in Europe rose. In the future, the cost of zinc smelting in Europe rose, and the supply of zinc in the market may decline due to the impact, which increased the momentum of zinc price rise.

Aftermarket forecast

According to the analysts of the business agency, the supply of zinc in the market rose this week, the cost of zinc smelting fell, the support of zinc price rise weakened, and the shock of zinc price fell; However, the explosion of natural gas ports in the United States has caused a rise in zinc smelting costs, and the supply of zinc in the city may be affected. In the future, the zinc smelting cost is expected to rise, and the supply of zinc may decrease. It is expected that the zinc price will rise slightly in the future.