SunSirs: Zinc Price is Expected to Fall Slightly in the Future
March 02 2023 09:23:16
The latest price of zinc (February 28): 22966 RMB/ton is bearish in the future
Key points of analysis: On February 27, the average market price in East China fell 1.93% compared with the previous trading day, and 7.60% year-on-year. The high price of zinc concentrate processing fee was adjusted, the enthusiasm of zinc smelters remained, zinc smelters basically resumed work, the supply of zinc market was sufficient, and the zinc inventory in Shanghai futures market increased significantly; The US inflation is high, and the expectation of the Federal Reserve to raise interest rates increases. Last week, the US dollar index rose sharply, and the pressure on non-ferrous metals to fall increased. The price of zinc in London fell, and the price of zinc in the Shanghai market fell.
Future forecast: the expectation of weak zinc market remains, and the demand for sufficient supply in the future zinc market is weak, and the zinc price is expected to fall slightly.
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