Zinc prices continued to rise on October 13

According to the data monitoring of business agency, the zinc price rose for four consecutive trading days after the national day. As of October 13, the zinc price was 23835.00 yuan / ton, up 5.06% from 22686.00 yuan / ton on October 1 at the beginning of the month. Zinc market continued to rise after the festival.

Power rationing in zinc City

In late September, Guangdong, Shandong, Qinghai, Ningxia, Yunnan, Guangxi, Hunan, Anhui, Sichuan, Henan, Chongqing, Inner Mongolia and other places successively issued power rationing or staggered peak power consumption notices. Most provinces in China have encountered power rationing. Zinc smelting, as one of the main power consuming industries, has a great impact on the zinc smelting industry and the output of zinc smelting has decreased. During the national day, Guangxi, Yunnan and Hunan provinces with severe power rationing in September were not eased, and power rationing was increased in Jiangsu and Zhejiang. Some manufacturers were notified to start four days off and three days off, and the limited film response in zinc city increased slightly. After the festival, the output of some power rationing and shutdown enterprises recovered, and the supply of zinc City recovered. The overall impact of power rationing on the zinc market remains the same, and the short-term increase in zinc supply is limited, and the supply of zinc is still tight.

The fourth national dumping

According to Announcement No. 2 of 2021 of the State Food and material reserve bureau, it is decided to put the fourth batch of national reserve zinc in 2021 on October 9, with a total sales volume of 50000 tons. The fourth batch of reserve zinc was put into the market, which alleviated the short-term supply of zinc market and increased the short-term supply of zinc market.

Market Overview

Business analysts believe that: with the upgrading of power restriction, the output of zinc city decreases, the supply tension of zinc City intensifies, and the driving force for the rise of zinc price increases; The national dumping of reserves has alleviated the shortage of zinc market, and the driving force of zinc price rise has weakened. Overall, the momentum for the rise of zinc price in the future remains, the short-term zinc price falls slightly, and the medium-term zinc price rises slightly.