Price trend

According to the data monitoring of SunSirs, the zinc price fell on June 1, and the zinc market fell. On June 1, the zinc price was 26,172 RMB/ton, down 0.01% from the price of 26,174 RMB/ton on the previous trading day; on June 1, the zinc price fell and fell; compared with the 2021 zinc price, it rose 13.14% year-on-year.

Analysis review

Inventory of zinc ingots in the LME market decreased, registered warehouse receipts decreased, and canceled warehouse receipts decreased, supply growth in the zinc market slowed down and demand increased.

The downstream enterprises resumed production and work, the zinc industry chain enterprises started to increase, and the supply and demand of the zinc market recovered, but the supply and demand of the zinc market have not recovered to the expected level, the downward pressure of the zinc market still exists, and the upward momentum is strong.

Market outlook

The recovery of supply and demand is less than expected, and the rising momentum of zinc prices is strong. It is expected that zinc prices will fluctuate up slightly in the future.

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