Zinc price fell on August 30
| PVA |
According to the data monitoring of business agency, the zinc price fell on August 30, and the zinc market fell. On August 30, the average market price of zinc ingots in East China was 25450 yuan / ton, down 0.5% from the price of 25578 yuan / ton on the previous trading day, up 11.38% year-on-year.
Key points of analysis
When the temperature drops and the power limit in Sichuan expires, the industrial power consumption in Sichuan is restored in succession, the construction of zinc smelters in Sichuan is expected to resume in succession, and the supply of zinc is restored. The upward momentum of zinc market weakened.
Future forecast
After the end of power limitation, the domestic zinc smelting started to resume, and the supply of zinc increased. It is expected that the high price of zinc will fall in the future.
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