SunSirs: Poor Expectations for Zinc Market Demand
August 17 2023 10:42:37Latest price of zinc (August 14th): 20410 RMB/ton for consolidation in the future
Key points of analysis: The rebound in US PPI data exceeded expectations, the US dollar index surged, the non-ferrous metal market weakened, and the London zinc market fell; The real estate market has experienced losses in the first half of the year due to the phenomenon of "buying houses but not loans". In July, the real estate market did not show a significant improvement, and expectations of a rebound in demand in the zinc market weakened, resulting in weak spot trading.
Future Forecast: The macro economy is not as expected, the demand for zinc is expected to be poor, and the future zinc price is expected to be weak and consolidate.
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