Views on zinc market trend on August 9

Zinc price rose on August 9

 

Thiourea

According to the data monitoring of business agency, the zinc price rose slightly on August 9, and the zinc market stopped falling and recovered. On August 9, the zinc price was 24524 yuan / ton, an increase of 0.10% over the zinc price of 24500 yuan / ton on the previous trading day; On August 9, the zinc price stopped falling and rose; Compared with 2021, the zinc price increased by 8.16% year on year.

 

Key points of analysis

 

The European energy crisis still exists, the zinc smelting cost remains high, and the supply of zinc is insufficient; Downstream enterprises have resumed production and work, domestic infrastructure projects have started to increase, the supply and demand of zinc market have recovered, the supply and demand of zinc market have not yet recovered to the expected level, and the downward pressure of zinc market still exists and the upward momentum is large.

 

Future forecast

 

The supply is insufficient and the demand is warming up. The downward pressure of zinc price still exists and the upward momentum is large. It is expected that the zinc price will rise slightly in the future.

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