Price trend

According to the data monitoring of SunSirs, the zinc price rose slightly on August 9, and the zinc market stopped falling and recovered. On August 9, the zinc price was 24,524 RMB/ton, an increase of 0.10% from the previous trading day’s 24,500 RMB/ton; on August 9, the zinc price stopped falling and rose; compared with the 2021 zinc price, it rose 8.16% 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 resumed production and work, domestic infrastructure projects increased, and supply and demand in the zinc market recovered. The supply and demand of the zinc market had not yet recovered to the expected level, the downward pressure on the zinc market still existed, and the upward momentum was strong.

Market outlook

Supply is insufficient and demand picks up, the downward pressure of zinc price still exists, and the upward momentum is strong. It is expected that the zinc price will fluctuate upward slightly in the future.

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