According to the monitoring of the commodity market analysis system of Shengyi Society, as of March 21, the price of 0 # zinc was 23840 yuan/ton, a decrease of 1.08% from the zinc price of 24100 yuan/ton on March 17.

 

POLYVINYL ALCOHOL

This week’s market analysis

 

This week, spot zinc prices have fallen and stabilized, fluctuating within a high range.

 

Raw material end

 

With the resumption of production in mines that were previously shut down, the production of domestic zinc mines has achieved a significant increase compared to the previous period. This resumption of production has led to a sustained loose supply in the mining sector, and the supply of zinc ore in the market is gradually increasing. In order to repair the profit compression caused by tight supply in the early stage, refineries have started to continuously increase their processing fee (TC) quotations.

 

Supply and demand side

 

With the accelerated rise of TC on the supply side, refinery profits have been effectively repaired, production enthusiasm has significantly increased, and production has shown a steady growth trend.

 

From the demand side, the terminal consumer market continues to show a recovery trend, with varying levels of production in different industry sectors. Among them, galvanized enterprises have been affected by environmental policies that limit production, resulting in a decline in operating rates and certain production constraints. However, die-casting zinc alloy and zinc oxide enterprises have seen a slight increase in operating rates and production enthusiasm due to the improvement in terminal market demand, gradually releasing production capacity.

 

Inventory end

 

Zinc ingots continue to arrive in large quantities, and the market supply remains sufficient. Affected by the high zinc price, downstream enterprises are purchasing for essential needs. Inventory accumulation status.

 

comprehensive analysis

 

The recent trend of zinc prices has shown a strong tendency, with both the supply and demand sides of the market showing an increasing trend. In terms of supply, zinc ingots continue to arrive and the market supply remains sufficient; In terms of demand, although downstream demand has recovered to some extent, the recovery is relatively limited and has not fully matched the growth of supply. Inventory accumulation status, with significant pressure on prices.

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