Zinc price trend

According to the data monitoring of the business agency, the zinc price rose slightly in December, and the zinc market struggled to rise. As of December 18, the average price of zinc was 22256.67 yuan / ton, up 2.46% compared with 21723.33 yuan / ton on December 1.

Galvanized sheet Market

According to the statistics of business agency, the price of galvanized sheet rose sharply in December, and the price of galvanized sheet reached a new high in 10 years. The price of downstream products in the industrial chain is rising, the demand for zinc ingot is increasing, and the benefits of zinc ingot are increasing, and the rising power of zinc market is greater.

Supply and demand data of global zinc Market

According to the report released by the world Bureau of metal statistics, from January to October 2020, there is a surplus of 293000 tons in the global zinc market, and there is a shortage of 76000 tons in 2019. From January to October, the global refined zinc production increased by 1.6% year-on-year, and the demand decreased by 1.8%. In 2020, the global zinc market will be oversupplied, which will be disadvantageous to the domestic zinc market.

According to the data of the international lead and zinc research group, in October 2020, the supply surplus in the global zinc market rose from 38900 tons in September to 52900 tons. From January to October, there was a surplus of 480000 tons of zinc, compared with a shortage of 216 thousand tons in the same period last year. In 2020, the risk of oversupply in zinc market will gradually increase.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, believes that the domestic zinc industry chain market is picking up, and the price of galvanized sheet has reached a record high, which is obviously good for the zinc market. However, from the global market point of view, the zinc market oversupply, the downward pressure of zinc market increased, and the global zinc market dragged down the domestic zinc market. Generally speaking, the domestic zinc market in the aftermarket is generally favorable, and the price of zinc is expected to rise in shock. However, affected by the global zinc market, the domestic zinc price rises slowly and slightly.