Zinc prices rose on November 10

According to the data monitoring of business agency, the zinc price rose on November 10, and the zinc market recovered. On November 10, the zinc price was 23229.00 yuan / ton, up 0.10% from the zinc price of 23206 yuan / ton on November 9 of the previous trading day; Compared with the zinc price of 22988.00 yuan / ton on November 8, it increased by 1.05%.

Overview of zinc Market

On November 10, the spot market of zinc market was active and traded near the average price. The supply of goods circulating in the market decreased, and the willingness of traders to receive goods decreased significantly. The downstream purchase was mainly on demand, and the overall transaction in the market was general. The processing cost of domestic zinc concentrate decreased, the production enthusiasm of zinc smelters weakened, and the domestic zinc smelting output is expected to decline; The electricity price in Europe has decreased, the start-up of European zinc smelters is expected to rise, the output reduction of European zinc smelters is expected to decrease, and the global zinc supply is expected to increase; Domestic PMI decreased, domestic manufacturing production slowed down, and the supply and demand of zinc city were weak; The zinc price returned to the zinc price level in September; The market of galvanized sheet fell, and the demand of zinc market fell.

Market Overview

Business analysts believe that: Recently, the supply and demand of zinc market are both weak, the zinc smelting and processing fee has decreased, the warehouse receipt inventory in Shanghai futures market and London LME market has continued to decrease, and the supply of zinc market has decreased; The transaction in the zinc market is general, and the demand in the zinc market is weakened. Zinc prices are expected to rise slightly in the future.