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SunSirs: Views on the Market Trend of Zinc on May 25
May 26 2022 14:01:41SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the zinc price rose on May 25, and the zinc market rose. On May 25, the zinc price was 25,738 RMB/ton, an increase of 0.27% from the previous trading day's 25,668 RMB/ton; this week, the zinc price stopped falling and rebounded; compared with the 2021 zinc price, it rose 14.14% year-on-year.

Analysis review

Inventory of zinc ingots in the LME market decreased, registered warehouse receipts decreased, and canceled warehouse receipts decreased. The supply growth of the zinc market slowed down and the demand increased; the downstream enterprises resumed production and work, the zinc industry chain enterprises started to increase, the supply and demand of the zinc market recovered, the downward pressure on the zinc market still existed, and the upward momentum was strong.

Market outlook

Supply and demand have picked up, and the rising momentum of zinc prices has increased. It is expected that zinc prices will stop falling and recover in the future.

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