Domestic metal zinc market fell on September 12

On September 12, the metal zinc market in the domestic market fell. The average price of metal zinc in the domestic spot market was 21385.00 yuan/ton, down 0.50% from the previous trading day; the average ex-factory price was 21940.00 yuan/ton, compared with the previous trading day. The price fell by 0.52%.

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On September 11, the zinc (market) commodity index was 122.77, down 1.66 points from yesterday, down 21.19% from the highest point of 155.77 points (2017-10-09) in the cycle, compared with the lowest point of 72.28 points on November 22, 2015. It has risen by 69.85%. (Note: Period refers to 2011-09-01 to date).

On September 12, the price of zinc fell, and the recent zinc price fluctuated. On September 12, domestic zinc prices fell, and prices fell by around RMB 100/ton. The overall demand of the zinc market has not changed significantly, the market performance has struggled, and the zinc warehouse inventory has increased. However, the Shanghai futures market has a limited growth in recent inventory, which is still at a low level in the same period. On September 12, the Shanghai futures market had 2,868 tons of zinc ingots and 374 tons of inventories. The market activity of zinc ingots was poor, and the overall transaction volume was low.

Market outlook: After the market outlook, market demand has not improved significantly, and zinc prices have not been able to rise. The recent increase in market supply has led to a decline in zinc prices, but the inventory of futures zinc ingots is at a low level, and zinc prices will not cause a large decline. The demand environment has not changed, the zinc price growth in the market is weak, and the supply is limited. It is difficult for the zinc price to fall sharply. It is expected that the zinc price in the market will fluctuate and adjust.

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