On October 11, the domestic market of zinc metal fell, the domestic spot market metal zinc market price average price 23655.00 yuan / ton, compared with the previous trading day price fell 1.08%; ex-factory price average price 24713.33 yuan / ton, compared to the previous trading day The price fell by 1.03%.
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On October 10, the zinc (market) commodity index was 136.59, an increase of 1.84 points from yesterday, which was 12.31% lower than the highest point of the cycle of 155.77 points (2017-10-09), compared with the lowest point of 72.28 points on November 22, 2015. It rose by 88.97%. (Note: Period refers to 2011-09-01 to date).
On October 11th, the price of zinc fell. After the National Day holiday, the price of zinc continued to rise. The stock of zinc was lower. The supply of zinc was in short supply. The market volume was generally. With the decline of zinc price, the supply of zinc in the market was released. The shortage pressure eased. On October 11, domestic zinc prices fell by around RMB 250/ton.
On October 11, 2018, the inventory of zinc ingots in the Shanghai futures market was 8,324 tons, an increase of 2,292 tons from the previous trading day. On the 11th, the zinc futures inventories in the zinc futures market in Shanghai increased, and the supply shortage in the zinc market was alleviated. The zinc market was cautiously traded, which caused a certain negative for the zinc price in the market.
Market outlook: The zinc ingot inventory of the Shanghai futures market fell for two consecutive weeks before the holiday, which greatly promoted the rise of zinc price. The LME zinc ingot inventory in London fell to a five-month low, which was good for the international zinc price increase. After the holiday, the inventory of zinc ingots in the Shanghai futures market continued to increase, alleviating the pressure of rising zinc prices. The overall demand for zinc in the zinc market is obvious. The zinc price in the market still has room to rise, but with the increase in zinc ingot inventory, the pressure on zinc prices has eased. The US stock market has been falling continuously since October, affecting the future macroeconomic trend. The macroeconomic downturn affects the demand for zinc ingots and has a negative impact on zinc ingots. It is expected that the zinc price in the market will fall first and then rise, and the overall price will fluctuate slightly.
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