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Zinc review: spot demand has failed to recover zinc prices upward or restricted

by:Deyuan      2020-12-23
【 Abstract 】 London fell in late high zinc rushed back $5, the downstream demand did not see a sharp rebound to inhibition of zinc prices rise, short-term market sentiment so cautious, within Shanghai zinc or technical correction, expect zinc or limited now.

【 Of zinc market] London zinc in 2363 dollars/tons, Asian time Aaron zinc opening sideways - 2355 Between 2365 dollars/tons, after the center of gravity to maintain high volatile climb higher than 15 months 2372 dollars/tons; Europe and the United States time by weak spot demand, zinc shock slump, late again high rushed back, eventually closed at $2358 / ton, down 5. $5 or 0. Decreased 23%, volume 7155, 5834, 321083 holdings reduce 3731 hands; Shanghai zinc main 1611 contracts in 18410 yuan/ton, up to 18460 yuan/ton, the lowest 18320 yuan/ton, eventually closed at 18420 yuan/ton, down 20 yuan, or 0. Decreased 11%, volume 107206, 255816, 326824 holdings reduce 4454 hands.

( ) Zinc prices today spot market forecast: the second half of the year as the new mines and a small amount of production mineral, zinc availability or eased. At present domestic zinc price is high, the downstream market demand does not have a significant rebound, zinc fundamentals to further support zinc prices sharply upward, short-term market sentiment so cautious, within Shanghai zinc or technical correction, is expected to spot zinc prices or limited today.
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