Recently, zinc price rose first and then fell

According to the data monitoring of SunSirs, the zinc price was 24,124 RMB/toon as of November 22, down 0.85% from the price of 24,330 RMB/toon on November 13; Compared with the zinc price of 23,138 RMB/toon on November 1, it rose by 4.26%. Recently, the zinc market frequently changed from long to short, with zinc prices rising first and then falling.

The positive and negative was uncertain

Radical interest rate hikes in major economies such as the United States and Europe triggered fears of economic recession. The demand for nonferrous metals was expected to decline, and zinc prices in London fell sharply.

After the environmental protection inspection in Sichuan, the zinc smelters that stopped production for nearly two weeks have been started one after another. The supply of zinc recovered and the supply of zinc is expected to increase.

The processing cost of domestic zinc concentrate continued to rise, and the production enthusiasm of zinc smelters had risen. At the end of the year, many enterprises had plans to catch up with production. The output of zinc smelters is expected to increase in November, and the future supply of zinc is sufficient.

Market outlook

According to the data analysts of SunSirs, on the demand side, the global economic weakness is expected to intensify, and the demand for zinc is expected to decline due to the domestic epidemic situation occurred in many places. On the supply side, Sichuan environmental protection has ended, zinc concentrate processing fees have continued to rise, and zinc supply is expected to increase. In general, the supply of zinc increased recently and the demand has declined, and the downward pressure on the zinc market increased. Zinc prices are expected to fall in shock.

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