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Review: zinc weeks of zinc breakthrough pressure or further rise ( 8. 22 - 8. 26)

by:Deyuan      2020-12-23
Core tip: Aaron zinc on interval 2260 - next week $2400 / ton, Shanghai zinc main 1610 contract 1. 75 - 1. 850000 yuan/ton, in operation, and holds more than single.

a, market review

figure 1: zinc rich treasure 0 #, Shanghai zinc, zinc LME charts

zinc is strong, the two cities, according to data from the global zinc supply shortages, boosting period to further increases in zinc, but the market demand for Chinese metal worries, drag of zinc. On Friday, both inside and outside plate of zinc, refresh recent peak respectively, Aaron zinc highest in 2327. 5 dollars/tons, now near $2310 / ton, weekly gains about 0. 5%, Shanghai zinc main 1610 contract hitting 18030 yuan/ton, now near 17900 yuan/ton, weeks to rise more than 2%. In general, under the fundamentals, the zinc performed better than other base metals, the strong direction. Inventory, as of Thursday fell less than 1000 tons of zinc LME inventories weeks, now 45. 50000 tons. Zinc concentrate market

figure 2: zinc concentrate on charts

domestic zinc concentrate ( 50%, tax included) Weeks prices rise and fall now, jumped on Friday, now 12650 - yunnan zinc concentrate 12850 yuan/tons of metal, 12950 - hunan zinc concentrate 13150 yuan/tons of metal, gansu province, 12750 - 12950 yuan/tons of metal, 12950 - in guangxi 13150 yuan/tons of metal, raised 550 yuan/tons of metal from last week. Influenced by zinc ore shortages at home and abroad, import and domestic zinc concentrate processing charge lower again, now cut to 90 - import zinc concentrate processing fee $110 per dry metric ton, domestic zinc concentrate processing fee is 4600 - 4800 yuan/tons of metal. Customs data show that China imported 164791 tons of zinc ore in July, than in 76. 4%, but still reduce 45 from the same period last year. 3%, mainly because of the recent domestic stricter environmental protection, the serious of zinc ore shortages in some areas. The spot market


table 1: the spot price ( Unit: yuan/ton)

weeks spot zinc prices moves the ups and downs, Friday rose 500 yuan/ton, the mainstream in the Shanghai area 0 # 17900 - zinc 18000 yuan/ton, overall rose 490 yuan/ton from last week. From Monday to Thursday, zinc price is not big, the downstream manufacturers in the market inventory, market transaction is fair, to Friday, zinc prices soaring, traders offer strong, zinc to not narrowing of zinc premium, now still is 20 - litres of water Litres, 120 yuan/ton, the downstream feared high purchase hesitation, less volume. Guangdong area, south store now offer 17530-0 # zinc 17830 yuan/ton, up from last week 500 yuan/ton, traders bullish market outlook, week receiving middlemen. Tianjin region, reported 18000-0 # zinc 18100 yuan/ton, or 480 yuan/ton, clinch a deal.

3, afternoon prediction

the international lead and zinc study group ( ILZSG) Recent figures show that 2016-1 The global zinc supply shortage in June 138000 tons, the supply gap to expand, the first five months short of 64000 tons. Imbalance between supply and demand to support the two cities of zinc, the early stage of the breakthrough pressure, both internal and external plate of zinc in the short term is expected to rise. Aaron zinc on interval 2260 - next week $2400 / ton, Shanghai zinc main 1610 contract 1. 75 - 1. 850000 yuan/ton, in operation, and holds more than single.
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