Zinc price rose on April 6

According to the data monitoring of business agency, the zinc price rose on April 6, and the zinc market recovered. On April 6, the zinc price was 27400 yuan / ton, up 1.95% from 26876 yuan / ton on the previous trading day; Compared with 2021, the price of zinc increased by 24.47% year-on-year.

Key points of analysis

After the festival, the downstream enterprises replenished the warehouse, and the zinc price rose, but the demand of zinc ingot spot market was weak due to the epidemic; The zinc ingot inventory in Shanghai futures market decreased, the supply of zinc market decreased, and the supply and demand of zinc market were weak.

Future forecast

Both supply and demand are weak. After the festival, the demand for replenishment by downstream enterprises rises, and the demand affected by the epidemic is weak. It is expected that the zinc price will rise slightly in the future.