Zinc price rose on February 21

Zinc price rose on February 21

According to the data monitoring of the Business News Agency, the zinc price was 23436 yuan/ton as of February 21, up 0.85% from 23238 yuan/ton on February 20 of the previous trading day. Demand rebounded, and zinc prices continued to rise.

Key points of zinc market

According to the data released by the European Commission, the consumer confidence index of the euro zone rose to – 19 in February from – 20.7 in January, and the consumer confidence index rose to the highest level in a year. The resilience of the euro zone and the confidence that it can survive the recession this year have been increasing, and the zinc price fluctuated overnight; The output of new capacity in Henan is not stable, the monthly supply of refined zinc in February may be less than expected, the terminal orders are increasing, the sales of finished zinc products are hot, the demand is slightly higher than expected, the market is more emotional, and the demand of zinc market is warmer than expected.

Aftermarket expectation

Both supply and demand increased, the demand of zinc market exceeded expectations, and the rising power of zinc market increased. It is expected that the price of zinc will rise in the future.