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SunSirs: November 18, China's Zinc Market Trend Review
November 19 2021 08:58:34SunSirs(Linda)

On November 18, the price of zinc fell, and the zinc market fell back. On November 18, the zinc price was 22,684.00 yuan/ton, down from 23,036 yuan/ton on November 17 of the previous trading day, a decrease of 1.53%. The zinc market fell.

This week, the Shanghai futures market futures warehouse receipts inventory fell, zinc supply expected to decline, domestic zinc concentrate processing fees fell, zinc smelter production enthusiasm weakened, domestic zinc smelting output is expected to decline; European electricity bills fell, European zinc smelters are expected to reduce production , The global zinc supply is expected to pick up; the social inventory of zinc ingots has fallen, and the zinc market is in short supply; the PMI has fallen, domestic manufacturing production has slowed, and the supply and demand in the zinc market have been weak; the price of zinc has returned to the level of zinc prices in September; The market demand has fallen.

Both supply and demand in the zinc market were weak, the galvanized sheet market fell, the demand in the zinc market fell, the social stocks in the zinc market fell, the supply shortage in the zinc market, the zinc smelting processing fee fell, the zinc smelting supply was expected to fall, the overall zinc market supply shortage remained, and the demand just fell . The rising momentum of the zinc market weakened and the downward pressure still exists. The zinc price is expected to fluctuate and adjust in the future.

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

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