According to the monitoring of the Commodity Market Analysis System of Shengyi Society, as of December 13th, the price of 0 # zinc was 25920 yuan/ton, a slight decrease of 0.23% compared to the zinc price of 25980 yuan/ton on December 9th.
This week’s market analysis
This week, the domestic zinc market was positively influenced by the macroeconomic conference, showing an overall trend of first rising and then falling. The content of the meeting has significantly boosted the domestic economy, driving up the price of zinc in the middle of the week. However, by the weekend, the price of zinc futures had fallen slightly, and the market volatility was more intense.
Supply and demand side
The circulation of spot goods has been tightened due to the maintenance of some smelters, and spot prices have generally remained firm. Prices have been raised within the week. The downstream market has a poor receiving atmosphere near absolute high prices and premiums, and the overall trading atmosphere is slightly average.
Inventory situation
Shanghai area: The goods will arrive gradually within the week, but there are significant restrictions on circulation. The downstream inquiry atmosphere is strong, and inventory is gradually accumulating. Guangdong region: Refinery maintenance and delivery are limited, downstream point price outflow mainly follows market fluctuations, and inventory continues to decline. Tianjin region: Northern galvanizing production has improved, procurement has gradually improved, and inventory has slightly decreased.
comprehensive analysis
This week, the zinc market was boosted by the macroeconomic conference and showed an overall trend of increased volatility. Next week, the market will continue to monitor macroeconomic data and changes in supply and demand, and it is expected that there will be adjustments in the premium and delivery situation.
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