I. price trend

According to the data monitoring of the business agency, the zinc price has recently been adjusted by shocks. Since October, the zinc price has been adjusted by shocks at about 19100 yuan / ton, and the zinc price has become stable. As of October 28, the price of zinc was 19276.67 yuan / ton, 1.24% higher than that of October 1, and 176.67 yuan / ton higher than that of 19100 yuan / ton. Zinc price slightly fluctuated in the range.

II. Zinc price trend of LME market futures

As can be seen from the figure, the price of zinc in LME futures market rose steadily from September to October. As of October 25, LME zinc ingot has offered 2468-2503 US dollars / ton, with an average price of 2472 US dollars / ton, up 214 US dollars / ton compared with 2210-2267 US dollars / ton in early September, with an average price of 2258 US dollars / ton. The price of zinc in LME market has increased substantially, which is good for domestic zinc price. The increase of domestic zinc price has increased, and the zinc market in the future is good.

III. futures zinc price trend in Shanghai Futures Market

As can be seen from the figure, the futures price of zinc in Shanghai futures market fluctuated and adjusted from September to October, while the price of zinc rose slightly in October. As of October 25, the quotation of zinc ingot in Shanghai futures market is 18705-18970 yuan / ton, with an average price of 18910 yuan / ton, which is 240 yuan / ton higher than the average price of 18670 yuan / ton in early October. In October, the zinc price of futures in Shanghai futures market recovered slightly, which is good for the domestic spot market, but the good is limited. It remains to be seen whether the upward momentum of Shanghai futures market can continue and affect the upward rebound of the spot market.

IV. future prospects

Bai Jiaxin, an analyst of business club, believes that: in the international market, the LME zinc price has been rising steadily in only two months, which is good for the domestic zinc market. In the domestic zinc market, the spot market is still sluggish, but the futures market has recovered since October. Although it can not show that the domestic zinc market has been rising, it is still good for the domestic spot zinc market. Generally speaking, the positive performance of zinc market in the future is enhanced, and the decline of spot zinc market or the early stage of the first reform is followed by the recovery of international zinc market. However, due to the lack of positive performance of zinc market in the near future, it is difficult for zinc price to rise substantially. It is expected that zinc price in the future will fluctuate slightly.