Zinc weekly review: British Europe a foregone conclusion zinc involvement downward (off 6. 20 - 6. 24)
a, market review
figure 1: zinc rich treasure 0 #, Shanghai zinc, zinc LME charts
weeks market focus on the UK's referendum, the early data showed the UK for the expected increase, the market risk appetite increases, the two cities of zinc gradually rise, have become the daily average lines above, but as the referendum on, take off the camp advantage, the euro is a foregone conclusion, affected by the slump in the pound and the dollar, the two cities of zinc diving, Aaron zinc lost $2000 / ton, Shanghai zinc main 1608 contract below 1. 550000 yuan/ton. Aaron zinc so far below the $2000 / ton, weeks, or 0. 3%, the lowest to $1962 / ton, Shanghai main of zinc 1 now. Near 550000 yuan/ton, weeks or 0. 7%, the minimum hitting 15460 yuan/ton. Inventory, zinc LME inventories rise again, about 1 weeks. 40000 tons, 410000 tons now. Zinc concentrate market
figure 2: zinc concentrate on charts
domestic zinc concentrate ( 50%, tax included) Price with zinc first after magnified, as of Friday's 10050 - yunnan zinc concentrate 10250 yuan/tons of metal, 10550 - hunan zinc concentrate 10750 yuan/tons of metal, gansu province, 10450 - 10650 yuan/tons of metal, 10350 - in guangxi 10550 yuan/tons of metal, all rose 100 yuan/tons of metal from last week. Some large and medium-sized zinc enterprises to maintain normal operation, but some companies affected by the eia failed is still in production, the strict environmental protection policies. In addition, the off-season factors, zinc smelters to a large number of inventory will is not strong, zinc concentrate market transaction insipid. Customs data show that China's import zinc ore volume continued to decline, may import 113716 tons of zinc ore, fell 22. 49 71% year-on-year drop. 35%. The spot market
table 1: the spot price ( Unit: yuan/ton)
week spot prices up follow of zinc, zinc near back over the weekend, and now in the Shanghai area 0 # 15590 - zinc 15690 yuan/ton, up from last week 100 yuan/ton, zinc prices high and volatile, downstream procurement hesitation, market trading atmosphere is thin, now spot zinc to Shanghai main zinc liter discount for premium 80 - Premium 20 yuan/ton. Guangdong area, now offer 15270-0 # zinc 15570 yuan/ton, compared with last week raised 90 yuan/ton, in the off-season, weak downstream demand, market clinch a deal is not much. Tianjin region, now offer 15640-0 # zinc 15740 yuan/ton, up from last week 110 yuan/ton, smelter and the trader's price for shipment, but fewer goods merchants, manufacturers procurement cautious, weeks less overall clinch a deal.
3, afternoon to predict
the referendum, the dust settles, take off the camp victory, the market risk aversion, the two cities of zinc fell sharply, the world's major central bank is expected to launch emergency measures, in response to Britain to take off the effects of Europe. Next week, the market will continue to digest the take off the negative information, the two cities of zinc or continue downward, the interval 1850 - Aaron zinc attention $2000 / ton, Shanghai zinc main 1608 contract 1. 45 - 1. 60000 yuan/ton, in operation, short test.