Zinc prices fluctuated and fell after the holiday

According to the Commodity Market Analysis System of SunSirs, as of May 15th, the zinc price was 21,018 RMB/ton, a decrease of 1.67% compared to the zinc price of 21,374 RMB/ton on May 1st; Compared to the price of 21,546 RMB/ton on May 8th last week, the price decreased by 2.45%. Demand was weak, supply was increasing, and zinc prices fluctuated and fell in May.

The decrease in zinc concentrate processing costs slowed down in May

T From the trend chart of zinc concentrate processing fees, it can be seen that the decrease in zinc concentrate processing fees slowed down in May. On May 15th, zinc concentrate processing fees rebounded and rose. The processing cost of zinc concentrate increased, the enthusiasm of zinc smelting enterprises to start operations increased, the expected output of zinc in the market increased, the expected supply of zinc in the market increased, and Zinc prices are expected to decline in the future.

Zinc prices fluctuated and fell in London LME market

From the trend chart of zinc ingot prices in the London LME market, it can be seen that zinc prices in London fluctuated and fell in May. The international market was weak, the energy crisis in Europe eased, the enthusiasm of zinc smelters to start construction increased, the supply of zinc ingots was expected to increase, the inventory of zinc ingots in London futures market was high, the international market demand was still weak, and the international zinc price dropped in shock.

Market outlook

SunSirs data analysts believe that the economic recovery was slow and the demand for zinc was weak. The decrease in zinc concentrate processing costs slowed down, and the enthusiasm of domestic zinc smelting enterprises to start operations increased, leading to an increase in supply in the domestic zinc market; In the international market, the energy crisis in Europe had eased, the enthusiasm of European zinc smelting enterprises had increased, and the supply of zinc had increased. Overall, the supply of zinc in the market had increased, while the economy was weak and demand was insufficient. In the future, there is an increase in supply and weak demand for zinc in the market, and it is expected that zinc prices will fluctuate and fall in the future.

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