Zinc price fell on June 1
| Gamma-PGA (gamma polyglutamic acid) |
According to the data monitoring of the business agency, the zinc price fell on June 1, and the zinc market fell back. On June 1, the zinc price was 26172 yuan / ton, down 0.01% from 26174 yuan / ton on the previous trading day; On June 1, the zinc price fell back; Compared with 2021, the zinc price increased by 13.14% year-on-year.
Key points of analysis
Zinc ingot inventory in LME market decreased, registered warehouse receipts decreased, cancelled warehouse receipts decreased, supply growth in zinc market slowed down and demand growth increased; Downstream enterprises resumed production and work, more enterprises in the zinc industry chain started work, and the supply and demand of zinc market recovered. However, the supply and demand of zinc market has not yet recovered to the expected level, and the downward pressure of zinc market still has great upward momentum.
Aftermarket forecast
The recovery of supply and demand was not as good as expected, and the zinc price was expected to rise slightly in the future.
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