According to the data monitoring of SunSirs, the zinc ingot price rose on April 19, and the zinc ingot market rose. On April 19, the price of zinc ingot was 28712 RMB/ton, up 2.39% from 28042 RMB/ton on the previous trading day; Compared with 2021, the price of zinc ingot increased by 30.21% year-on-year.

Key points of analysis

Affected by the European energy crisis, the production of zinc ingot smelters in Europe is expected to be reduced, the supply of zinc ingot in the market is expected to decline, the inventory of zinc in Europe is very low, and the situation of tight overseas supply is difficult to change; Domestic logistics and transportation are not smooth, domestic zinc downstream enterprises are starting to decline, zinc ingot downstream customers are afraid of heights, and zinc ingot market demand is declining. Recently, the policies of ensuring smooth supply and resumption of work and production are promoted in an orderly manner, domestic control policies are adjusted, downstream resumption of work is accelerated, enterprise production is expected to improve, and downstream demand is expected to improve, stimulating the rise of domestic zinc ingot prices.

Future forecast

Under the background of weak supply and demand, the fear of supply shortage is greater than the expectation of demand decline, and the expectation of demand recovery is increased, the support for the rise of zinc ingot price in the future is increased, and the shock rise of zinc ingot price in the future is expected.

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