Zinc price fell on February 16

According to the data monitoring of the Business News Agency, as of February 16, the zinc price was 22782 yuan/ton, down 1.28% from the 23078 yuan/ton on February 15 of the previous trading day. Demand remained weak, and zinc prices fell in shock on February 16.

Key points of zinc market

The tightening monetary policy of the Federal Reserve remains unchanged, and the strength of the dollar remains; Overseas zinc supply is expected to increase; The recovery progress of domestic zinc market demand is general, the high processing cost is still high, the supply of zinc ore smelting is released, the supply of zinc ore is sufficient, and the increase of demand for zinc market supply is limited.

Aftermarket expectation

The supply and demand are weak, and the downward pressure of zinc market is increased. It is expected that the zinc price will fall in the future.