Zinc price fell on September 15
| Thiourea |
According to the data monitoring of the business community, the zinc price fell on September 15, and the zinc market fell back. On September 15, the average market price of zinc ingots in East China was 25406 yuan/ton, down 0.08% from 25426 yuan/ton on the previous trading day, up 11.38% year on year.
Key points of analysis
The data released by Shanghai Futures Exchange shows that Shanghai’s zinc inventory has continued to decline recently. On September 15, the zinc ingot inventory decreased to 31712 tons, a new low since February. The inventory of the zinc market dropped significantly, and the downward pressure of the zinc market was weakened due to the strong upward momentum.
Future market forecast
The domestic zinc stock declined, the London zinc stock declined, the zinc supply declined slightly, and the zinc price is expected to rise slightly in the future.
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