Price trend

According to the data monitoring of SunSirs, the zinc price rose on August 25, and the zinc market rose. On August 25, the zinc price was 25,690 RMB/ton, an increase of 1.04% from the previous day's zinc price of 25,426 RMB/ton, and a year-on-year increase of 12.22% compared with the zinc price in 2021.

Analysis review

The European energy crisis intensified, Russia reduced European natural gas supply, European energy prices soared, European zinc smelters cut production and stopped production, and European supply decreased.

High temperature and drought caused power cuts in Sichuan, industrial electricity consumption in Sichuan was reduced to electricity for the people, the operation of zinc smelters in Sichuan declined, and the supply of zinc in the market decreased. The rising momentum of the zinc market increased.

Market outlook

Both supply and demand in the zinc market are weak, the energy crisis in Europe is intensifying, the domestic electricity curtailment of zinc smelting is low, and the supply of zinc in the zinc market is reduced. It is expected that the price of zinc will fluctuate and rise in the market outlook.

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