1、 Price trend
According to the data monitoring of the business agency, the zinc price rose first and then fell after the new year’s day, and the overall zinc price rose in shock. As of January 19, the spot price of zinc was 18063.33 yuan / ton, up by 1.36% compared with 18353.33 yuan / ton at the beginning of the year (January 1), and down by 14.19% compared with the same period last year.
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2、 Market trend analysis
Domestic zinc Market
After the new year’s day, zinc market is mainly divided into two stages. From January 1 to January 8, zinc price rises sharply. Affected by the stock up of Spring Festival, zinc market has a short-term demand rise and zinc price rises sharply. From January 9 to January 19, zinc price falls in shock. With the end of stock up of manufacturers, zinc price loses the support of rising and zinc price falls in shock. Zinc market stock rises, zinc ingot supply increases and zinc market rises The force is weakened.
International LME Market
It can be seen from the figure that the price of zinc in LME market rose after new year’s day, and the rise of international zinc price has a good support for domestic zinc market.
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Zinc concentrate processing fee
The processing fee of zinc concentrate decreased slightly, but the overall processing fee of zinc concentrate is still at a high level, the price of processing fee is high, the cost of zinc ingot is high, the falling space of zinc price is limited, and the power of zinc price rising is great.
3、 Future prospects
Bai Jiaxin, an analyst of the business association, believes that: after the new year’s day, the processing fee of zinc concentrate is still at a high level, zinc smelting enterprises are highly motivated to start work, the supply of zinc ingots is sufficient, and the stock of zinc ingots is large, which has a certain negative impact on the zinc market; during the Spring Festival stock up, zinc enterprises raise the price of zinc, but the overall deal in the zinc market is cold, and the power of zinc price rise is insufficient; with the end of the stock up in the Spring Festival, the pressure of zinc price decline increases, and zinc prices increase Price volatility fell. In the future, the rise of international zinc price is good for domestic zinc market. From the perspective of supply and demand, the supply of zinc market is sufficient in the near future, the demand is cold, and the power of zinc price rise is insufficient. However, with the approaching of Spring Festival, the supply of zinc market will be affected by enterprise holidays. Before the year, the supply of zinc market may be short for a while. The seller’s market will appear in the zinc market next week or for a short time, and there is still room for zinc price rise next week. Zinc prices are expected to surge next week.
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