Zinc price fluctuated and rose this week

According to the data monitoring of SunSirs, the zinc price was 24,044 RMB/ton as of January 13, up 2.64% from the price of 23,426 RMB/ton on January 6 at last weekend. Replenishment before the holiday, the demand of zinc market increased, and the price of zinc rose in shock this week.

Overview of zinc market

In December, the CPI of the United States increased by 6.5% year on year, which was lower than the 7.1% of the previous value. The inflation data of the United States fell, and the zinc in London bottomed out overnight; The capital situation of domestic real estate enterprises improved, and the zinc price was supported by a good expectation, and the downstream customers had replenished the inventory near the end of the year, and the demand side increased.

Market outlook

According to the data analysts of SunSirs, inflation in the United States has declined, the economic downturn has slowed, the zinc market has strengthened, and the replenishment of the zinc market has increased near the Spring Festival. The demand for zinc in the short term has warmed, and the price of zinc has risen in shock; As the Spring Festival approaches and the replenishment ends, the risk of zinc price decline increases, and it is expected that the zinc price will fall slightly in the future.

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