Zinc prices rose in shock this week
According to the data monitoring of business agency, the zinc market picked up this week, and the zinc price fluctuated and rose. As of March 25, the price of zinc was 26276 yuan / ton, up 3.51% from 25386 yuan / ton on March 18 last weekend. Zinc ingot inventory in zinc city decreased this week, and the driving force of zinc price rise increased.
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Zinc ingot inventory in Shanghai futures market decreased
Time, Futures inventory Increase or decrease
March 1st ., one hundred and six thousand three hundred and twenty .,- six hundred and twenty-six
March 2nd ., 106320., 0
March 3rd ., 109258., two thousand nine hundred and thirty-eight
March 4, one hundred and ten thousand nine hundred and forty-eight ., one thousand six hundred and ninety
March 7, one hundred and fourteen thousand six hundred and fifty-one ., three thousand seven hundred and three
March 8th ., one hundred and seventeen thousand six hundred and sixty-six ., three thousand and fifteen
March 9th ., one hundred and seventeen thousand nine hundred and forty-two ., two hundred and seventy-six
March 10, one hundred and eighteen thousand nine hundred and thirty-five ., nine hundred and ninety-three
March 11, one hundred and twenty-one thousand eight hundred and ninety-five ., two thousand nine hundred and sixty
March 14, 125506., three thousand six hundred and eleven
March 15, 130267., four thousand seven hundred and sixty-one
March 16, 131221., nine hundred and fifty-four
March 17th ., one hundred and thirty thousand three hundred and ninety-three .,- eight hundred and twenty-eight
March 18, one hundred and thirty thousand two hundred and forty-four .,- one hundred and forty-nine
March 21, 129342., – nine hundred and two
March 22nd ., 128012., – one thousand three hundred and thirty
March 23rd ., 126728., – one thousand two hundred and eighty-four
March 24th ., one hundred and twenty-five thousand nine hundred and fifty-two .,- seven hundred and seventy-six
March 25th ., 125723., – two hundred and twenty-nine
According to the zinc ingot inventory data sheet of Shanghai futures market, since March 17, the zinc ingot futures inventory of Shanghai futures market has continued to decline. As of March 25, the zinc ingot inventory was 125723 tons, the inventory decreased by 5498 tons, the inventory of Shanghai futures market decreased, the supply of zinc Market was sufficient, the downward pressure of zinc price decreased, and the upward momentum increased.
Domestic epidemic hit zinc City
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With the spread of the epidemic in Henan, the overall demand of vulnerable enterprises has been seriously affected again.
The conflict between Russia and Ukraine continues to affect the supply of zinc in the city
The conflict between Russia and Ukraine continues, the price of natural gas in Europe soars, and the cost of zinc smelting rises, which affects the supply of zinc market. The future supply of zinc market is expected to decrease, and the rising power of zinc market is increased.
Future forecast
Business analysts believe that this week, the inventory of zinc ingots in Shanghai futures market decreased, the supply of zinc market was sufficient, the driving force of zinc price rise increased, the impact of the epidemic, and the demand of zinc market was weak. The conflict between Russia and Ukraine continues, the price of natural gas in Europe soars, the cost of zinc smelting in Europe rises, and the output of zinc market in Europe is expected to decrease. Generally speaking, the supply of global zinc market decreased in the future, the demand of zinc market was lower than expected, the overall bad situation of zinc market increased, the good still existed, and the zinc price rose slightly in the future.
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