SunSirs: Views on the Trend of Zinc Market on August 4
August 05 2022 13:39:52 SunSirs (John)Price trend
According to the data monitoring of SunSirs, the zinc price rose slightly on August 4, and the zinc market stopped falling and recovered. On August 4, the zinc price was 24,124 RMB/ton, an increase of 0.17% from the previous trading day's 24,082 RMB/ton; on August 4, the zinc price stopped falling and rose; compared with the 2021 zinc price, it rose 7.66% year-on-year.
Analysis review
The energy crisis in Europe still existed, the cost of zinc smelting remained high, and the supply of zinc market was insufficient; Downstream enterprises have resumed production and work, domestic infrastructure projects have started to increase, and the supply and demand of the zinc market has slowly recovered. The supply and demand of the zinc market has not yet returned to the expected level. The downward pressure on the zinc market still existed, and the upward momentum increased.
Market outlook
Supply is insufficient and demand pick up, the downward pressure of zinc price still exists and the upward momentum is increasing. It is expected that the zinc price will fluctuate upward slightly in the future..
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