SunSirs: The Supply of Bulk Commodity Zinc is Increasing but the Demand is Weak
February 08 2023 14:43:17Latest price (2-6): 23352 RMB/ton, bearish in the future
Key points of analysis: the zinc price on February 6 fell by 2.79% compared with the previous trading day. The US dollar index rose sharply, commodity prices in the international market fell generally, and the international zinc price fell sharply; With the end of the winter heating peak in Europe, the operating rate of zinc smelting in Europe is expected to rise, and the supply of international zinc market is expected to increase; The inventory of zinc ingots in the Shanghai futures market has increased significantly, and the domestic zinc market has sufficient supply.
Future forecast: supply, demand and demand are weak, and the zinc price in the future will fall sharply.
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