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.

Trade name: cryolite

Latest price (November 17): 7150 yuan / ton

Key points of analysis: on November 17, the average production price of cryolite in Henan was flat compared with yesterday, and the market was strong. At present, the problem of high production cost of cryolite still exists. The upstream raw materials are tight, the price is high, the quotation of cryolite manufacturers is high, the production capacity of cryolite enterprises in the yard is low, the shipment is OK, most of them are based on real order negotiation, and the market operates firmly.

Future forecast: cryolite market will remain stable in the short term.

Spot aluminum price moved down on the 15th

According to the data of business agency, the average market price of domestic aluminum ingots in East China on November 16 was 18935.33 yuan / ton, down 1.20% from the average market price of 19183.3 yuan / ton on November 15.

At present, the aluminum price has fallen below the high and volatile operation range in the early stage. At the peak of this year (October 19, 2021), the average price of aluminum ingot Market is 124240 yuan / ton, which has fallen by 21.81% recently. Based on the average market price of 15726.67 yuan / ton of aluminum ingots at the beginning of the year (January 1, 2021), the cumulative increase rate was reduced to 20.52%.

1、 Price summary of mixed xylene on November 12:

Qingdao refinery offers 6050 yuan / ton, and Shijiazhuang Refinery offers 5950 yuan / ton,

Jiujiang Petrochemical offers 6100 yuan / ton,

Guangzhou Petrochemical offers 6450 yuan / ton, Maoming Petrochemical offers 6400 yuan / ton,

Changling refinery offers 6200 yuan / ton,

Shandong Jingbo Petrochemical offers 6350 yuan / ton, Xinhai Petrochemical offers 6250 yuan / ton, and Hongrun Petrochemical offers 6200 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the data released by Baker Hughes on the 12th showed that the number of active oil rigs in the United States increased by 4 month on month and 218 year-on-year this week. The increase of active oil drilling platforms in the United States, coupled with the strengthening of the US dollar exchange rate, and the news that the United States may release strategic oil reserves weighed on oil prices. International oil prices fell last Friday.

Today, the price of mixed xylene in East and North China of Sinopec decreased, that of Jingbo Petrochemical decreased by 49 yuan / ton, and that of Xinhai Petrochemical decreased by 50 yuan / ton

Weak downstream demand, volatile gasoline and diesel prices, dominated by regional demand. Crude oil fell last Friday, external news was short, and the mixed xylene market was weak. Sinopec lowered the price of mixed xylene, and the market spot price followed suit.

Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on November 12 was 5162.33 yuan / kg, an increase of 6.53% compared with the average early trading price of spot market in early October (November 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 6.99%.

On November 12, the spot market price of gold was 382.32 yuan / g, an increase of 1.95% over the spot market price of 370.51 yuan / G on Monday (November 5), and an increase of 3.44% over the early average price of 369.60 yuan / G on the spot market price in early November (November 1); Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 2.64%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. Recently, at the end of September, the price of silver fell rapidly, and the rise and fall of precious metal prices converged. After the return of the national day, the price of silver hit the bottom and rebounded. The fluctuation amplitude of silver price is large, the price trend of gold and silver tends to narrow, and the recent price fluctuation of silver is relatively stable.

List of dollar indexes

The dollar index rose and inflation expectations rose to 2.70%. At present, the rise of the US dollar index stems from the relative economic strength in the global low interest rate environment. Especially at present, the euro zone is seriously affected by the epidemic. Under the expectation of the active fiscal policy of the United States, the market is also expected to maintain low real interest rates. Therefore, there is a landscape of the same rise of the US dollar and gold.

The US Federal Reserve decided in November that taper fell, the US short-term monetary regulation was basically exhausted, and the short-term inflation expectation was raised, which was beneficial to precious metals.

Future expectations

Recently, the price of precious metals has an upward trend, mainly based on inflation factors. It is expected to maintain a strong operation in the near future.