According to the monitoring of the commodity market analysis system of Shengyi Society, as of December 27th, the price of 0 # zinc was 25882 yuan/ton, a slight increase of 1.52% compared to the zinc price of 25494 yuan/ton on December 23rd.
This week’s market analysis
This week, due to the closure of the foreign market during the Christmas holiday, the overall performance of the domestic market showed a relatively stable trend, with a slight rebound.
Macro policy orientation: Recently, the National Financial Work Conference emphasized that one of the focus areas in 2025 will be to support and expand domestic demand, while vigorously boosting the consumer market to promote sustained and healthy economic development.
Fundamentals
From an industry perspective, some mines in certain regions of China have implemented production reduction measures, resulting in ongoing supply pressure on the mining sector. As a result, the raw material inventory of refineries is limited to a certain extent, which in turn maintains production at a relatively weak level. However, there are signs of a slight increase in processing fees both domestically and internationally.
Demand side
In terms of demand, the downstream market has not yet fully recovered from the impact of the off-season, and the overall demand performance is average, lacking significant growth momentum.
Inventory situation
It is worth noting that the social inventory in the zinc market is currently at a low level and showing a decreasing trend. Affected by this, zinc prices may maintain a high volatility trend in the short term, lacking significant upward or downward momentum.
comprehensive analysis
In summary, the domestic market has shown a relatively stable operating trend this week under the combined influence of macro and fundamental factors. In the future, with further clarification of policy guidance and gradual recovery of market demand, the industry may usher in new changes and opportunities.
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