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Zinc weekly review: investors lock in profits zinc prices high and volatile weak ( 4. 11 - 4. 15)

by:Deyuan      2020-12-23
Core tip: next week two city of zinc high and volatile weak, interval 1800 - Aaron zinc attention 1 $1950 / ton, Shanghai zinc. 4 - 1. 550000 yuan/ton, in operation, long on the sidelines.

a, market review

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

international oil prices jumped, coupled with strong economic data, domestic booster of zinc rose sharply, both the city of zinc recorded nearly 10 months since the peak. Weeks Aaron zinc hitting $1900 / ton, but then fell back, back to below $1900 / ton, now near $1860 / ton, weeks to rise more than 6%. Domestic market, the Shanghai zinc main 1606 contract weeks up to 15200 yuan/ton, 1 now. 50000 yuan/ton, hovering below weeks or more than 7%. Inventory, zinc LME inventories fell sharply, from last week about reduced by 1. 30000 tons, is 430000 tons. Zinc concentrate market

figure 2: zinc concentrate on charts

domestic zinc concentrate ( 50%, tax included) Price with zinc prices surge, as of Friday's 9000 - yunnan zinc concentrate 9200 yuan/tons of metal, 9800 - hunan zinc concentrate 10000 yuan/tons of metal, gansu province, 9500 - 9700 yuan/tons of metal, 9400 - in guangxi 9600 yuan/tons of metal, up 800 yuan from last week. Prices for zinc concentrate, zinc shipment will enhance enterprises, the market supply of goods is relatively abundant, downstream smelter high inventory is not positive, clinch a deal market as a whole. China metal extraction solution report pointed out that global zinc concentrate production in 2015 is expected to 13. 1 million tons, compared with the same reduced by 1. 2%, with large lead and zinc mine resources, mine production will shrink further, will affect about 500000 tons of zinc metal production in 2016. The spot market


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

weeks zinc prices rose continuously, even jumped 660 yuan on Wednesday, the shipper delivery enthusiasm high, but the downstream feared high purchase hesitation, the Shanghai area of Shanghai is zinc zinc main discount to premium 110 - 10, the market has a price no city, trading co. , LTD. As of Friday in the Shanghai area 0 # 14790 - zinc Up to 14890 yuan/ton, weeks - 14800 14900 yuan/ton, raised $900 from last week. Guangdong area 0 # zinc 14550 - now 14850 yuan/ton, the highest for weeks and weeks rose 910 yuan, the market clinch a deal is not popular. Tianjin area, 0 # zinc prices have jumped week below, Shanghai and guangdong area of about 720 yuan, now is 14820 - 14920 yuan/ton, because prices, traders offer chaos, different brand zinc prices.

3, afternoon to predict

two city of zinc after continuous rally, investors lock in profits away, do not rule out short-term period zinc high fall, but the space is limited, according to China's economic situation improves, the zinc prices have a supporting role. Of zinc is expected next week, two city high and volatile weak, interval 1800 - Aaron zinc attention 1 $1950 / ton, Shanghai zinc. 4 - 1. 550000 yuan/ton, in operation, long on the sidelines.
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