1. Zinc price trend

According to SunSirs data monitoring, zinc prices continued to fall last week and the zinc market went down. As of September 27, the average price of zinc was RMB 19,570.00/ton, which was down from RMB 20,493.33/ton on September 21 at the beginning of the week. This week it was down 4.51% and up 3.36% year-on-year.

2. Zinc price in LME market

It can be seen from the trend of zinc prices in the LME that the international zinc market declined last week, and the zinc price continued to decline. The decline in the international zinc market was negative for the domestic zinc market, and the domestic zinc market has increased downward pressure.

3. New data on COVID-19

It can be seen from the new data on the epidemic that the number of newly confirmed cases of the epidemic has continued to rise recently, which has dragged down the resumption of production and work of enterprises, and has seriously affected the global economic recovery. The economic recovery is slow, the demand for the zinc market is picking up slowly, the demand for the zinc market is negative, and the zinc market is under greater downward pressure.

4. Analysis, summary and outlook

SunSirs analyst Bai Jiaxin believes that last week, both zinc and Shanghai zinc prices fell by more than 5%, and the price of zinc fell sharply, indicating that the recent zinc market is weak and the lack of expectations for zinc market demand may be due to the recent zinc prices. The main reason for the decline. The recent new data on the foreign epidemic situation remains high, and there is a trend of "new highs". This has caused a major blow to the global resumption of production and work. The global economic recovery is postponed, and the zinc market's demand for zinc ingots is expected to decline; the US general election Immediately, investor sentiment was tense, and investors were cautious about market volatility. Risk aversion was soaring. Stock markets in many countries fell and the stock market fell, which dragged down the futures zinc market and was negative for the spot zinc price. Generally speaking, the zinc market has a greater panic, dragging down the price of zinc ingots. The market outlook of the zinc market is expected to fluctuate downward.

Related listed companies: Zhongjin Lingnan (000060), Chihong Zinc Germanium (600497).

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