Zinc price rose on August 25
According to the data monitoring of business agency, the zinc price rose on August 25, and the zinc market rose. On August 25, the zinc price was 25690 yuan / ton, an increase of 1.04% over the zinc price of 25426 yuan / ton on the previous trading day; Compared with 2021, the zinc price increased by 12.22% year on year.
Key points of analysis
With the intensification of the European energy crisis, Russia has reduced the supply of natural gas in Europe, the European energy price has soared, the production of zinc smelters in Europe has increased, and the supply in Europe has decreased; The high temperature and drought in Sichuan have limited power supply, the industrial power consumption in Sichuan has been transferred to the people, the start-up of zinc smelters in Sichuan has decreased, and the supply of zinc has decreased. The upward momentum of zinc market has increased.
Future forecast
The supply and demand of zinc market are weak, the energy crisis in Europe is intensified, the domestic power supply is limited, the zinc smelting operation is low, the supply of zinc market is reduced, and the zinc price is expected to rise in the future.
| PVA |