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Zinc weekly review: next week two city of zinc or co. , LTD. ( 7. 4 - 7. 8)

by:Deyuan      2020-12-23
Core tip: next week two city of zinc limited declines, Aaron interval 2050 - zinc attention $2200 / ton, Shanghai zinc main 1609 contract 1. 58 - 1. Satellite 70000 yuan/ton, in operation, short leave.

a, market review

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

two city zinc highs this week, investors profit, and zinc downward dollar also dragged down period. Aaron zinc in turn under wear 5 day, 10 day moving average, it's ten daily offline shocks, lost $2100 / ton, the highest hit 2168 weeks. 5 dollars/tons, to 2061 dollars/tons, lowest weekly decline more than 2%. Shanghai zinc main 1609 contract on Monday of record 13 months 16975 yuan/ton, then follow the outside dish down gradually, now between 5 and 10 day moving average concussion, confined 16500 yuan/ton, weeks off less than 1%. Inventory, zinc LME inventories weeks decline is not large, about 2000 tons, is 440000 tons. Zinc concentrate market

figure 2: zinc concentrate on charts

the domestic price of zinc concentrate ( 50%, tax included) Week with zinc prices soared, retreated, as of Friday's 10950 - yunnan zinc concentrate 11150 yuan/tons of metal, 11250 - hunan zinc concentrate 11450 yuan/tons of metal, gansu province, 11050 - 11250 yuan/tons of metal, 11250 - in guangxi 11450 yuan/tons of metal, down from last week about 50 yuan/tons of metal. Because of the recent south effects, the heavy rain more zinc enterprises were forced to shut down, poor zinc concentrate market transactions, to the north. In addition, affected by foreign large zinc mines shut down tight global supply of zinc, zinc concentrate processing fee down to 100 - imports $120 per dry metric ton, the domestic zinc concentrate processing dropped to 4800 - 5000 yuan/tons of metal. The spot market


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

in the Shanghai area of the early 0 # zinc rose 350 yuan/ton, the shipper shipment positively, ample supply of goods, but the downstream market cautious, receiving a few, the market has a price no city. With zinc prices fell back, shipment traders fear fell warm up, the downstream part of the manufacturer is a small amount of purchase, but a large number of inventory willing is not enough, the market clinch a deal the good early in the week, on Friday in the Shanghai area 0 # 16200 - zinc 16300 yuan/ton, down 120 yuan/ton from last week. Guangdong area now offer 15880-0 # zinc 16180 yuan/ton, down 130 yuan/ton last week, zinc prices on the high side, the downstream procurement hesitation, clinch a deal the general market. Tianjin area 0 # 16290 - zinc 16390 yuan/ton, the local zinc prices strong, trading atmosphere insipid.

3, afternoon to predict

this week, the two cities of zinc callback, but not as kinetic energy is insufficient, the market is still focused on the zinc supply shortages expected late. Tonight attention non-agricultural data in June, in order to obtain the fed to raise interest rates to guide, but affected by the global economic environment, the probability of the federal reserve to raise interest rates in recent months. Is expected next week, the two cities of zinc limited declines, Aaron interval 2050 - zinc attention $2200 / ton, Shanghai zinc main 1609 contract 1. 58 - 1. Satellite 70000 yuan/ton, in operation, short leave.
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