Zinc price rises in shock this week
| Chitosan oligosaccharide |
According to the data monitoring of the business community, the zinc price was 25214 yuan/ton as of December 12, up 0.89% from 24992 yuan/ton on December 1. This week, the low inventory demand in the zinc market recovered, and the zinc price rose in shock.
Low level of zinc ingot inventory
It can be seen from the trend chart of zinc ingot inventory in Shanghai futures market that the low level of zinc ingot inventory in Shanghai futures market is temporarily stable in the near future, the supply of zinc ingot is tight, and the upward momentum of zinc ingot is great.
Supply and demand factors
In terms of supply, the cold wave is coming, domestic electricity is occupying industrial electricity, European zinc smelting may be affected by production reduction, and zinc supply is expected to shrink.
| Gamma-PGA (gamma polyglutamic acid) |
In terms of demand, stock up or start in advance during the Spring Festival, increasing short-term demand.
Future market forecast
According to the data analysts of the business community; The Federal Reserve has slowed down the pace of interest rate increase, easing the concern about the economic recession in the international market. The prevention and control measures have been greatly optimized in China. The expectation of macroeconomic recovery has been strengthened. The Spring Festival stock may come ahead of time, and demand has warmed up. To sum up, the supply of zinc is insufficient and the demand is rebounding, and the zinc price is expected to rise in shock.
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