According to the monitoring of the commodity market analysis system of Shengyi Society, as of May 30th, the price of 0 # zinc was 22738 yuan/ton, a slight increase of 0.81% compared to the zinc price of 22556 yuan/ton on May 26th.
This week’s market analysis
This week, the zinc price rose within the range and later rebounded. Overall, there has been a slight increase.
After experiencing a round of decline, the price has entered a period of oscillation, and recently it has shown a trend of building a horizontal consolidation range, and the range of price fluctuations is gradually narrowing.
Raw material end
There is a strong willingness to raise the price of zinc concentrate at the end, but the recovery rate of processing fees is slow.
Supply and demand side
The preferences of downstream processing enterprises in raw material selection have changed. At present, the inventory turnover days of galvanized sheet have been extended, which may exert some restraint on the premium space of refined zinc. However, considering the expectation of a rebound in infrastructure investment still exists, this provides some support for the market.
Inventory end
At present, social inventory has been destocked, but it still remains at a high level.
comprehensive analysis
Due to the persistent situation of oversupply, prices have been suppressed and the downward trend of oscillation continues.