Zinc price fell slightly on February 9

Zinc price fell slightly on February 9

According to the data monitoring of the Business News Agency, the zinc price was 23312 yuan/ton as of February 9, down by 0.72% from 23482 yuan/ton on February 8 of the previous trading day. Demand remained weak, and zinc prices fell on February 9.

Key points of zinc market

On February 8, LME zinc inventory was 19425 tons, with an increase of 3825 tons or 24.52%. The price of zinc in London fell overnight, and the increase in domestic zinc smelting output was realized, and the demand side was strong and the expectation was weak.

Aftermarket expectation

The supply is expected to increase, while the demand is still weak, and the zinc price is expected to fall in the future.