1、 Price trend
According to the data monitoring of the business agency, since the end of March, zinc prices have risen in shock. In April, the zinc market continued to pick up in March, and the zinc price rose steadily. As of April 20, the spot price of zinc was 16430.00 yuan / ton, up 5.84% from 15523.33 yuan / ton at the beginning of April. Zinc market recovered and zinc price rose in shock.
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2、 Market trend analysis
Zinc stock
Time weekly inventory increase / decrease
Subtotal futures subtotal futures
4.13-4.17 146966 79668 -6352 -4315
4.6-4.10 153318 83983 -4821 -2680
3.30-4.3 158139 86663 -1867 -2339
3.23-3.27 160006 89002 -8319 -5008
3.16-3.20 168325 94010 -1586 7125
3.9-3.13 169911 86885 7509 -1202
3.2-3.6 162402 88087 2391 1999
It can be seen from the figure that since the end of March, the weekly inventory of zinc ingots in Shanghai futures market has continued to decline, and the oversupply of zinc market has been alleviated to a certain extent. The demand of zinc city has gradually recovered. Good for zinc market.
3、 Future prospects
Bai Jiaxin, an analyst of business association, believes that since March, domestic enterprises have started construction one after another, and downstream enterprises in zinc city have started to increase. The demand for zinc ingots has increased, zinc market has recovered, and zinc market has sufficient momentum to rise. The market zinc ingot inventory continued to decline. In the short term, the demand rise exceeded the supply, and the oversupply was relieved. On the whole, the demand of zinc market has recovered, the stock of zinc market has declined, and the oversupply of zinc market has been alleviated. Zinc prices have some upward momentum.
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