Zinc price rose on August 4
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According to the data monitoring of the business agency, the zinc price rose slightly on August 4, and the zinc market stopped falling and recovered. On August 4, the zinc price was 24124 yuan / ton, up 0.17% from the zinc price of 24082 yuan / ton on the previous trading day; Zinc prices stopped falling and rose on August 4; Compared with 2021, the zinc price increased by 7.66% year-on-year.
Key points of analysis
The European energy crisis still exists, the zinc smelting cost remains high, and the supply of zinc is insufficient; Downstream enterprises resumed production and work, domestic infrastructure projects began to increase, the supply and demand of zinc city slowly warmed up, the supply and demand of zinc city has not yet recovered to the expected level, and the downward pressure of zinc city is still increasing.
Aftermarket forecast
Insufficient supply, warmer demand, downward pressure on zinc prices still exist, and the upward momentum is increased. It is expected that zinc prices will rise slightly in the future.
| PVA |