Recently, zinc prices have fluctuated and fallen
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyishe, as of December 11th, the zinc price was 20692 yuan/ton, a fluctuation decrease of 0.39% compared to the zinc price of 20774 yuan/ton on December 1st. The domestic situation of strong supply and weak demand continues, with zinc prices experiencing a slight fluctuation and decline in December.
Recent increase in zinc concentrate port inventory
From the domestic zinc concentrate port inventory statistics table, it can be seen that as of December 8th, the zinc concentrate port inventory was 359000 tons, an increase of 36000 tons compared to December 1st. In December, the inventory of zinc concentrate at ports increased, and the supply of raw materials by zinc smelters was sufficient. However, the processing cost of zinc concentrate decreased, the operating rate of zinc smelters decreased, and the production of zinc ingots decreased.
Inventory statistics of zinc ingots in various regions of China
From the domestic zinc ingot inventory statistics table, it can be seen that on December 11th, the zinc ingot inventory was 49700 tons, a decrease of 13700 tons from the zinc ingot inventory of 63400 tons on December 1st; The inventory of zinc ingots has significantly decreased. The supply of zinc ingots has decreased.
Environmental protection reappears, downstream zinc production declines
Environmental protection production restrictions have reappeared in the northern region, with a slight decline in galvanizing production, but to a lesser extent than previous production restrictions; There is no significant increase in orders for zinc oxide, and overall production has shrunk; The number of new orders for die-casting zinc alloy has declined, and downstream demand for zinc ingots has declined.
Future Market Forecast
According to data analysts from Business Society, the processing fees for zinc concentrate have decreased recently, resulting in a decrease in zinc ingot production; Environmental protection production restrictions have reappeared, and demand for zinc ingots has declined. In recent times, the supply and demand of zinc ingots have been weak, and there is still downward pressure on the rise of zinc prices due to insufficient support. In the future, the weak supply and demand situation in the zinc market remains, and zinc prices are expected to consolidate at a low level.
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