Zinc prices hit a new high this week
According to the data monitoring of business society, the zinc market rose first and then fell this week. As of April 24, the price of zinc was 28494 yuan / ton, up 1.51% from 28070 yuan / ton on April 17 last weekend. On April 20, the domestic spot zinc price was 28754 yuan / ton. On April 20, the zinc commodity index was 164.25 points, a record high in the cycle (Note: the cycle refers to from September 1, 2011 to now). The zinc market remained strong this week, and the zinc price hit a cycle record high.
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Zinc ingot inventory in LME market continued to decline sharply
Time, LME zinc inventory, Increase or decrease, Proportion of change, Register warehouse receipt, cancelled warrants
April 1, 139950., – one thousand nine hundred and seventy-five .,- 1.39., 95125., forty-four thousand eight hundred and twenty-five
April 4, 137675., – 2275., – 1.63., seventy-eight thousand one hundred and twenty-five ., fifty-nine thousand five hundred and fifty
April 5, 134125., – 3550., – 2.58., 64025., seventy thousand and one hundred
April 6, 130425., – 3700, – 2.76., 45850., eighty-four thousand five hundred and seventy-five
April 7, 127675., – 2750., – 2.11., 45850., eighty-one thousand eight hundred and twenty-five
April 8, 125675., – 2000., – 1.57., 45925., seventy-nine thousand seven hundred and fifty
April 11, one hundred and twenty-three thousand six hundred and seventy-five .,- 2000., – 1.59., 45925., seventy-seven thousand seven hundred and fifty
April 12, 120825., – 2850., – 2.3., 45925., seventy-four thousand and nine hundred
April 13, 117850., – 2975., – 2.46., 45925,. seventy-one thousand nine hundred and twenty-five
April 14, 115600., – 2250., – 1.91., 45925,. sixty-nine thousand six hundred and seventy-five
April 19, 113750., – 1850., – 1.6., forty-five thousand nine hundred and twenty-five ., sixty-seven thousand eight hundred and twenty-five
April 20, 108850., – 4900., – 4.31., 45375., sixty-three thousand four hundred and seventy-five
April 21, 106125., – 2725., – two point five ., forty-five thousand two hundred and twenty-five ., sixty thousand and nine hundred
April 22, 103250., – 2875., – 2.71., 33975., sixty-nine thousand two hundred and seventy-five
It can be seen from the zinc ingot inventory data of LME market that since April, the zinc ingot inventory of LME market has continued to decline, the number of registered warehouse receipts has continued to decline, and the number of cancelled warehouse receipts has increased significantly. The supply of zinc in the city decreased, and the driving force for the rise of zinc price increased. The number of cancelled warehouse receipts is much larger than the number of registered warehouse receipts, and the supply of zinc in the future market is expected to decline. It is expected that the future supply of zinc market is expected to decline and the price of zinc is expected to rise.
The energy crisis continues to affect the supply of zinc in the city
The conflict between Russia and Ukraine continues to ferment, the prices of energy such as European natural gas soar, and the cost of zinc smelting rises, which affects the supply of zinc city. The production of zinc smelting manufacturers continues to be reduced, the future supply of zinc city is expected to be reduced, and the rising power of zinc city is increased.
Poor logistics and transportation impact the demand of zinc City
The continuous prevention and control in China, the poor logistics and transportation in various regions have an impact on the normal operation of the industrial chain supply, affecting the production of enterprises in various regions. The output of zinc smelting enterprises has decreased, the shutdown and production reduction of downstream automobile industry and other enterprises have increased, the demand of zinc city has declined seriously, the downward pressure of zinc city is large, and the upward momentum still exists.
Future forecast
Business analysts believe that: the European energy crisis still exists, the production reduction of European zinc smelters is expected, and the supply of zinc market is expected to decline; The domestic zinc industry chain started to decline, the supply and demand of zinc market were both weak, which stimulated the shock rise of zinc price, the fear of heights among downstream customers of zinc was strong, the demand of zinc market fell, and the downward pressure of zinc market remained. Generally speaking, the supply and demand of zinc market in the future are both weak, the zinc market is still bad, and the zinc price is expected to rise slightly.
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