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SunSirs: Zinc Market Fell on August 30
August 31 2022 09:49:32SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the zinc price fell on August 30, and the zinc market fell. On August 30, the average market price of zinc ingots in East China was 25,450 RMB/ton, down 0.5% from 25,578 RMB/ton on the previous trading day, and up 11.38% year-on-year.

Analysis review

The temperature dropped, the power cut in Sichuan expired, the industrial power consumption in Sichuan resumed one after another, the start-up of the Sichuan zinc smelter is expected to resume one after another, and the supply of the zinc market resumed. The upward momentum of the zinc market weakened.

Market outlook

After the end of power curtailment, domestic zinc smelting has resumed successively, and the supply of zinc in the market has increased. It is expected that the zinc price will fall from a high level in the market outlook.

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