SunSirs: Zinc Price Fell on February 23
February 24 2023 10:20:16 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, as of February 23, the zinc price was 23,442 RMB/ton, down 0.14% from the price of 23,476 RMB/ton on the previous trading day. In the evening, London zinc futures fell in shock, and the zinc price fell on February 23.
Analysis review
The price of zinc in London fell in shock during the night trading; The domestic zinc concentrate processing fee continued to be high, the zinc market supply was expected to increase, the zinc market inventory was accumulated seasonally, March and April may usher in the zinc market consumption peak season, coupled with the implementation of domestic favorable policies, the zinc market demand was expected to warm up.
Market outlook
Under the situation of double increase in supply and demand, the zinc price is expected to oscillate and consolidate in the future.
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