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. As of June 20, the zinc price was 25386 yuan / ton, down 2.60% from the zinc price of 26064 yuan / ton on June 12 last weekend; The supply and demand of zinc city were both weak, and the price of zinc fell in shock.

Zinc market is weak in both supply and demand

Recently, the processing cost of zinc concentrate has decreased, the enthusiasm of zinc smelting production has decreased, and the supply of zinc in the city has decreased; Recently, the “Beixi” natural gas pipeline has been reduced in operation due to the need for turbine maintenance. In addition, the natural gas output of the free port in the United States has been suspended due to the explosion. The natural gas supply situation in Europe has tightened again, the cost has risen, the enthusiasm of zinc smelting enterprises to start work has decreased, the zinc supply is expected to decline, and the overall zinc supply has declined. Due to the decline in the price of the black plate, the production of galvanized sheet was increased due to the poor sales of enterprises, and the start-up of galvanized sheet enterprises fell month on month; The operating rate of zinc oxide fell slightly month on month due to poor terminal orders; The overall demand for zinc is still weak. The supply and demand of zinc city were both weak, and the price of zinc fell in shock.

Aftermarket forecast

Analysts from the business agency believe that the supply and demand of zinc market are both weak this week, and the support of zinc price rise is weakened; The interest rate hike of central banks intensified the concern of economic growth slowdown, the market risk aversion increased, and the zinc price fell along with the metal plate; Recently, the resumption of production and work in China has been gradually promoted, and the demand of zinc city is expected to recover, but the improvement of demand still takes time, and the short-term demand is still weak. In the future, both supply and demand in the zinc market are weak, and the zinc price is expected to maintain a low shock adjustment.