SunSirs: London Zinc Inventory Surged, and Zinc Prices Fluctuated and Fell This Week

Zinc prices fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of April 21, the zinc price was 22,154 RMB/ton, a decrease of 1.26% compared to April 14's zinc price of 22,436 RMB/ton, and a decrease of 2.76% compared to April 1's zinc price of 22,782 RMB/ton. The London futures market saw a surge in zinc ingot inventory, the supply in the international zinc market increased. This week, zinc prices fluctuated and fell.

Zinc ingot inventory surged in London LME market

From the London LME market zinc ingot inventory statistics table, it can be seen that London zinc ingot inventory surged this week. As of April 21, the LME market zinc ingot inventory was 53500 tons, a significant increase from the beginning of the week's inventory of 44150 tons, an increase of 21.18%. The supply of zinc ingots in the international market increased significantly, amd the downward pressure on the zinc market increased.

Market outlook

According to data analysts from SunSirs, London's zinc ingot inventory had significantly increased, zinc market supply had increased, zinc concentrate processing costs had decreased, domestic zinc ingot production was expected to decrease, and zinc market supply was expected to decrease. Real estate investment had experienced negative growth, and the domestic automotive and home appliance market performed well, providing some positive support for the demand in the zinc market. Overall, the supply of zinc in the market increased, while demand was weak. It is expected that zinc prices will fluctuate down slightly in the future.

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