SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Customer
Service
Home > Zinc ingot News > News Detail
Zinc ingot News
SunSirs: Smelting Costs Dropped, and Zinc Prices Edged Down
June 14 2022 10:05:42SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of zinc fell in shock this week, and the price of the zinc market fell. As of June 13, the zinc price was 25,924 RMB/ton, down 0.95% from 26,172 RMB/ton on June 1 at the beginning of the month; compared with the zinc price on June 6 at the beginning of the week, which was 26,416 RMB/ton, down 1.86%.

Analysis review

Recently, zinc smelting and processing fees have declined, zinc smelting costs have fallen, and the support of rising zinc prices has weakened; The price of natural gas in Europe has fallen, the cost of zinc smelting in Europe has fallen, the profits of European refineries have been restored, the operating rate of refineries may increase, the processing fee of imported zinc concentrate has fallen from a high level, the supply of external mines is relatively loose, and the supply of zinc ingots may be tight.

The explosion of natural gas ports in the United States over the weekend caused the price of natural gas in Europe to rise immediately. In the future, the cost of zinc smelting in Europe will rise, and the supply of zinc in the market may be affected and decreased, and the upward momentum of zinc prices has increased.

Market outlook

Analysts of SunSirs believe that the supply of zinc in the zinc market rose this week, the cost of zinc smelting fell, and the support of rising zinc prices weakened and the price of zinc fell. The explosion of natural gas ports in the United States caused the cost of zinc smelting to rise, and the supply of zinc in the market may be affected. In the future, the cost of zinc smelting is expected to rise, and the supply of zinc may decrease. It is expected that the price of zinc will fluctuate up slightly in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products