SunSirs: Zinc Price Fell Sharply on February 6

https://www.chemnet.com   Feb 08,2023 SunSirs

　　According to the data monitoring of SunSirs, the zinc price was 23,352 RMB/ton as of February 6, down by 2.79% from the zinc price of 24,022 RMB/ton on February 3 of the previous trading day. Demand remained weak, and zinc prices fell sharply on February 6.

　　Key points of zinc market

　　The US dollar index rose sharply, commodity prices in the international market fell generally, and the international zinc price fell sharply; With the end of the winter heating peak in Europe, the operating rate of zinc smelting in Europe is expected to rise, and the supply of international zinc market is expected to increase; The inventory of zinc ingots in the Shanghai futures market had increased significantly, and the domestic zinc market had sufficient supply.

　　Market outlook

　　The supply is expected to increase, the demand is still weak, the downward pressure of zinc market is increased, and the zinc price is expected to fall sharply in shock in the future.

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