Zinc prices fell on November 18
According to the data monitoring of business society, the zinc price fell on November 18, and the zinc market fell. On November 18, the zinc price was 22684.00 yuan / ton, down 1.53% from the zinc price of 23036 yuan / ton on November 17 of the previous trading day. Zinc market fell.
Overview of zinc Market
time Futures warehouse receipt Increase or decrease
2021.11.15 seventeen thousand four hundred and five three thousand seven hundred and ninety-eight
2021.11.16 seventeen thousand one hundred and fifty-six – two hundred and forty-nine
2021.11.17 sixteen thousand nine hundred and thirty-one – two hundred and twenty-five
2021.11.18 sixteen thousand five hundred and fifty-four – three hundred and seventy-seven
This week, the inventory of futures warehouse receipts in Shanghai futures market decreased, the supply of zinc market was expected to decline, the processing fee of domestic zinc concentrate decreased, the production enthusiasm of zinc smelters weakened, and the domestic zinc smelting output was expected to decline; Electricity charges in Europe are falling, production reduction of zinc smelters in Europe is expected to decline, and global zinc supply is expected to pick up; The social inventory of zinc ingots decreased, and the supply of zinc in the city was short; PMI decreased, domestic manufacturing production slowed down, and the supply and demand of zinc city were both weak; The zinc price returned to the zinc price level in September; The market of galvanized sheet fell, and the demand of zinc market fell.
Market Overview
Business analysts believe that: the supply and demand of zinc market are both weak, the galvanized sheet market is declining, the demand of zinc market is declining, the social inventory of zinc city is declining, the supply of zinc city is in shortage, the processing fee of zinc smelting is declining, and the supply expectation of zinc smelting is declining. The overall supply shortage of zinc city is still in short, and the demand just needs to decline. The upward momentum of zinc market is weakened, and the downward pressure still exists. It is expected that the range of zinc price will fluctuate and adjust in the future.
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