Zinc price fell on March 14
| Thiourea |
According to the data monitoring of business agency, the zinc price fell on March 14, and the zinc market fell. On March 14, the price of zinc was 25448 yuan / ton, down 0.16% from 25488 yuan / ton on the previous trading day; Compared with 2021, the price of zinc increased by 15.67% year-on-year.
Key points of analysis
The demand of zinc ingot spot market is general, the commencement of downstream galvanizing enterprises is less than expected, and the demand of zinc market is less than expected; The Russian Ukrainian crisis is expected to ease, the high level of natural gas will fall, the smelting cost of European zinc smelters will fall, and the output of zinc ingots is expected to rise. The zinc ingot inventory in Shanghai futures market rose, the supply of zinc market was sufficient, the downward pressure of zinc market remained, and the upward momentum was weakened. It is expected that the zinc price will fluctuate and adjust in the future.
Future forecast
The demand is generally sufficient, and the zinc price fluctuates and adjusts; In the future, the supply is sufficient, the demand falls, and the zinc price is expected to fluctuate and fall.
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