Zinc price rose on March 31
| http://www.thiourea.net |
According to the data monitoring of business agency, the zinc price rose on March 31 and the zinc market recovered. On March 31, the price of zinc was 26722 yuan / ton, up 0.47% from 26598 yuan / ton on the previous trading day; Compared with 2021, the price of zinc increased by 22.77% year-on-year.
Key points of analysis
The demand of zinc ingot spot market decreased, the commencement of downstream galvanizing enterprises decreased, and the demand of zinc market was lower than expected; The crisis between Russia and Ukraine continued, the high level of natural gas was adjusted, the smelting cost of European zinc smelters was adjusted, the output of zinc ingots was expected to decrease, the high level of zinc ingot inventory in Shanghai futures market decreased, and the overall supply of zinc market decreased.
Future forecast
Both supply and demand are weak, and the zinc price fluctuates and adjusts; In the future, the supply decreases and the demand recovers slowly. It is expected that the zinc price will fluctuate and rise in the future.
| Thiourea |