Zinc price rose in shock this week

According to the data monitoring of SunSirs, the zinc price was 25,214 RMB/ton as of December 12, up 0.89% from the price of 24,992 RMB/ton on December 1. This week, the inventory of zinc market was low, the demand was warmer, and the zinc price rose in shock.

Zinc ingot inventory was low

It can be seen from the trend chart of zinc ingot inventory in Shanghai futures market that zinc ingot inventory in Shanghai futures market was low and temporarily stable recently, the supply of zinc ingot was tight, and the upward momentum of zinc ingot was great.

Supply and demand factors

In terms of supply, the cold wave was coming, domestic electricity was occupying industrial electricity, European zinc smelting might be affected by production reduction, and zinc supply was expected to shrink.

In terms of demand, the Spring Festival stocking may be started in advance, and the demand will increase in the short term.

Market outlook

According to the data analysts of SunSirs, the pace of interest rate increase by the Federal Reserve has slowed down, easing worries about the economic recession in the international market. The prevention and control measures have been greatly optimized in China, and the macroeconomic recovery expectation has been strengthened. The Spring Festival stock may come ahead of time, and demand has warmed up. To sum up, the supply of zinc is insufficient, the demand is warmer, and the zinc price is expected to rise in shock.

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