Zinc price trend
According to the data monitoring of business news agency, the price of zinc fluctuated and fell in January, and the price of zinc market fluctuated and fell. As of January 26, the average price of zinc was 20680.00 yuan / ton, down 3.02% from 21323.33 yuan / ton on January 1 at the beginning of the month.
Domestic zinc production
Date: output of current month (10000 tons) cumulative output (10000 tons) year on year growth (%) cumulative growth (%)
December 2020 – 60.2 642.5 – 1.5 642.7
November 2020: 58-582.1 – 0.7-3.1
October 2020 – 58.6 – 524.2 – 9.3 – 3
September 2020: 56.5-465.6-2.9-2.1
August 2020 – 53.9 – 410.9 – 5.1 – 4.3
July 2020 – 52.4 – 356.9 – 0.2 – 4.6
June 2020: 52-304.8-1.2-7.7
May 2020: 51.4 252.7 4.5 9.1
April 2020: 51.7 201.3 7.3 10.7
March 2020: 48.9 149.5 4.7 11
February 2020 — 104 — 12.9
December 2019 – 60.7 – 623.6 – 19.5 – 9.2
According to the statistics of the National Bureau of statistics, in December 2020, the domestic zinc ingot output was 602000 tons, and that month’s zinc ingot output decreased by 1.5% on a year-on-year basis. The reduction of zinc supply in the zinc market has a certain positive stimulating effect on the zinc price, but the weak demand in the zinc market makes the rising power of the zinc market limited. In addition, the output of zinc market increased in the whole year, the supply of zinc market still exceeded the demand, and the rising power of zinc market was insufficient.
Summary of domestic infrastructure market
According to the statistics of the National Bureau of statistics, from January to December 2020, infrastructure investment (excluding electricity, heat, gas and water production and supply industries) increased by 0.9% over the previous year, and the growth rate dropped by 0.1 percentage point from January to November. Among them, the investment in railway transportation industry decreased by 2.2%, with an increase of 2.0% from January to November; the investment in road transportation industry increased by 1.8%, with a growth rate of 0.4 percentage point. Domestic zinc market demand has increased, but the growth is limited, and the overall growth rate has dropped. The overall zinc market demand fell, zinc market downward pressure increased. The demand for zinc from photovoltaic and wind power is obviously stimulated. The sales data of automobiles and household appliances are good. The demand toughness of zinc market maintains. With the approach of Spring Festival, zinc plating, alloy and other enterprises successively announce holiday plans. The domestic demand for zinc downstream is expected to weaken. The short-term demand of zinc market is weak, and the situation of zinc market is declining.
Analysis summary and Prospect
Bai Jiaxin, an analyst at business news agency, believes that: Recently, the supply and demand of zinc market are weak, and the rising power of zinc market is insufficient, and the downward pressure is increasing. The domestic zinc concentrate processing fee decreased, with an average of about 3950 yuan / ton, and the zinc concentrate processing and smelting enterprises were lack of enthusiasm to start, and some enterprises announced the shutdown and maintenance plan due to the tight supply of zinc concentrate, which affected the supply of zinc city and reduced the supply of zinc City in the future; in terms of demand, the overall demand of zinc city maintained but the growth was insufficient, and with the approaching of the Spring Festival, the demand of zinc City dropped sharply, and the demand of zinc city was weak Maintain. Generally speaking, the supply and demand of zinc market decreased, but the overall supply of zinc market exceeded the demand, the rising power of zinc market weakened, and the downward pressure increased. It is expected that the short-term zinc price will fluctuate and fall slightly, while the medium-term zinc price still has room to rise, and the zinc market can be expected in the future.
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