Zinc prices fell continuously, and the zinc market recovered steadily

Zinc prices rose first and then fell this week

According to the data monitoring of the business agency, the zinc price rose first and then fell this week. The zinc price fell for two consecutive days on September 14 and 15. The rise of the zinc market fell, and the zinc market returned to stability. As of September 15, the price of zinc was 22810.00 yuan / ton, down 0.36% from 22893.33 yuan / ton on September 7; Compared with the zinc price of 22613.33 yuan / ton on September 1, it increased by 0.87%. Overall, zinc prices rose first and then fell in September, and the overall zinc market fluctuated and maintained stability.

Zinc spot basis in September

According to the monitoring data of business society, as of September 14, 2021, the maximum 180 day main basis of zinc (Changjiang nonferrous metals) was 850.00, the minimum was 360.00, and the average was 630.24. The maximum value of 90 day main basis is 850.00, the minimum value is 560.00, and the average value is 716.02. In September, the main basis of zinc fluctuated and adjusted between 645-780. Overall, the trend of futures and spot market in zinc market is similar, and the differences in futures and spot market are small.

Key inspector of environmental protection nonferrous industry

The Ministry of ecology and environment held a regular press conference in August on August 26. Spokesman Liu Youbin introduced that the second round of the fourth batch of central eco-environmental protection inspectors was fully launched. Since the 26th, seven Central Ecological and environmental protection supervision teams have carried out supervision and stationed for about one month in five provinces of Jilin, Shandong, Hubei, Guangdong and Sichuan, and two central enterprises of China Nonferrous Metals Mining Group Co., Ltd. and China Gold Group Co., Ltd. In addition to the key provinces, two central enterprises in the nonferrous industry were mainly stationed in this supervision. Environmental protection inspectors focused on central enterprises and enterprises in the non-ferrous industry, which stimulated the rise of the non-ferrous sector.

Overview and Outlook

Bai Jiaxin, an analyst of business society, believes that affected by the central environmental protection supervision team stationed in two central enterprises in the non-ferrous industry, the non-ferrous sector generally rose in September, stimulating the price rise of zinc City, but the balance between supply and demand of zinc city has not been broken, the trend of zinc City has not changed, and the main basis of zinc is relatively stable. With the national reserve of zinc successively put into the market, the support for the rise of zinc market caused by environmental protection weakened, the zinc price fell, and the zinc market returned to stability. Zinc prices are expected to remain stable in the future.