Zinc price trend
According to the data monitoring of business news agency, the price of zinc fluctuated and adjusted in April, and the market of zinc fluctuated and rose slowly. As of April 20, the average price of zinc was 21926.67 yuan / ton, up 0.89% from 21733.33 yuan / ton on April 1.
Main market of domestic zinc ingot
According to the data in the statistical table, the low level of social inventory of zinc ingots was adjusted in January, the social inventory of zinc city increased sharply in February, the social inventory of zinc city decreased slowly in March and April, the zinc city continued to de inventory, the inventory of zinc city decreased, the supply of zinc city decreased, and the rising power of zinc city in the future increased.
Zinc ingot inventory in Bonded Zone
Statistics from the statistical table show that the high level of zinc ingot bonded zone inventory fell, zinc ingot supply was sufficient and decreased slightly. In the future, zinc ingot has limited downward pressure and insufficient upward momentum.
Inventory of Shanghai Futures Market
It can be seen from the statistical table that the inventory of zinc ingots in Shanghai futures market rose first and then fell in March, and increased slowly in April. Zinc supply is sufficient in the future, but the rise is slowing down.
Port inventory of zinc concentrate
According to the data in the statistical table, the port inventory of zinc concentrate is maintained at about 100000-150000 tons. Affected by the epidemic situation, the port inventory of zinc concentrate has remained at a high level in 20 years, and the port inventory of zinc concentrate has decreased significantly in 21 years, with a trend of breaking through 100000 tons. Zinc concentrate destocking speed up, zinc concentrate import enterprise import enthusiasm reduced, domestic zinc market supply or reduced.
Zinc processing fee
As of April, the domestic zinc concentrate processing fee is about 3700-4000 yuan / ton, which is the lowest level since September 18, and is far lower than the 6500 yuan / ton in 20 years. The lower processing fee has forced the zinc smelters to reduce their enthusiasm to start operation, the output of zinc market has decreased, and the zinc market is short of supply or reversely stimulated the increase of zinc concentrate processing fee. Zinc ingot supply may increase in the future.
Analysis summary and Prospect
Bai Jiaxin, an analyst of business society, believes that: in the near future, the de inventory of zinc market has accelerated, the social inventory of the main market of zinc City, the inventory of zinc ingot bonded zone, and the inventory of zinc concentrate port have decreased to varying degrees, the supply of zinc city has decreased, and the processing fee of zinc concentrate is low, the production enthusiasm of zinc concentrate smelting enterprises is not high, the import number of zinc concentrate is expected to decline, and the supply of zinc city is expected to decrease With the coming of peak season, the demand of zinc market will rise and the supply of zinc market will decrease, which is bound to stimulate the rise of zinc market. It is expected that the price of zinc will fluctuate in the future.
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