Price trend

According to the data monitoring of SunSirs, the zinc price rose on August 31, and the zinc market recovered. On August 31, the average market price of zinc ingots in East China was 25,508 RMB/ton, an increase of 0.23% from the previous trading day's 25,450 RMB/ton, an increase of 11.99% year-on-year.

Analysis review

The temperature has dropped and precipitation has increased, and power generation has increased in Sichuan. Sichuan Province and Chongqing City in China have resumed normal industrial and commercial power consumption. Zinc smelters affected by power shortages have also reopened, and supply in the zinc market has gradually recovered. The upward momentum of the zinc market still exists.

Market outlook

Industry and commerce have resumed power supply, domestic zinc industry chain enterprises have started construction one after another, and the supply and demand of the zinc market has recovered. It is expected that the zinc price will fluctuate and adjust in the future.

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