Zinc prices fluctuate and fall after the holiday
| POLYVINYL ALCOHOL |
According to the Commodity Market Analysis System of the Business Society, as of May 15th, the zinc price was 21018 yuan/ton, a decrease of 1.67% compared to the zinc price of 21374 yuan/ton on May 1st; Compared to May 8th last week, the price of 21546 yuan/ton decreased by 2.45%. Weak demand and increased supply led to a volatile decline in zinc prices in May.
The decrease in zinc concentrate processing costs slowed down in May
From the trend chart of zinc concentrate processing fees, it can be seen that the decrease in zinc concentrate processing fees slowed down in May. On May 15th, the zinc concentrate processing fees rebounded and increased, leading to an increase in the enthusiasm of zinc smelting enterprises to start operations, an expected increase in zinc market production, an increase in zinc market supply, and an expected decrease in future zinc prices.
Zinc prices fluctuate and fall in London LME market
From the trend chart of zinc ingot prices in the London LME market, it can be seen that zinc prices in London fluctuated and fell in May. The international market is weak, the energy crisis in Europe has eased, the enthusiasm of zinc smelters to start construction has increased, the supply of zinc ingots is expected to increase, the inventory of zinc ingots in London futures market is high, the international market demand is still weak, and the international zinc price has dropped in shock.
>Future Market Forecast
Business Society data analysts believe that the economic recovery is slow and the demand for zinc is weak. The decrease in zinc concentrate processing costs has slowed down, and the enthusiasm of domestic zinc smelting enterprises to start operations has increased, leading to an increase in supply in the domestic zinc market; In the international market, the energy crisis in Europe has eased, the enthusiasm of European zinc smelting enterprises has increased, and the supply of zinc has increased. In general, the supply of zinc has increased, and the economy is weak and the demand is insufficient. In the future, there is an increase in supply and weak demand for zinc in the market, and it is expected that zinc prices will fluctuate and fall in the future.
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