Zinc prices fell again on September 1
According to the data monitoring of business agency, the zinc price on September 1 was 22613.33 yuan / ton, down 0.72% from 22776.67 yuan / ton on the previous trading day (August 31). On September 1, the zinc price fell slightly, and the zinc market fell slightly.
The third national release and storage regulation
In order to maintain the supply and price of bulk commodities, according to the Announcement No. 2 of the State Food and Material Reserve Bureau in 2021, it is decided to put the third batch of national reserve zinc in 2021 on September 1, with a total sales volume of 50000 tons. The reserve zinc is put into the market again to cool the zinc market, restrain the rise of zinc price, and increase the pressure on the decline of zinc price.
Overview and Outlook
Bai Jiaxin, an analyst of business society, believes that after two national release and storage regulation, the zinc price is relatively stable and the zinc market returns to calm. With the advent of the golden nine and silver ten, the desire of the zinc market rose. On September 1, the state lowered the storage for the third time, stabilized the zinc price and cooled the zinc market in advance. The zinc price fell on September 1. In the future, the market of gold, silver and ten is still in progress, and the demand of zinc market is still in existence. The dumping of reserves has alleviated the supply pressure of zinc market, but the overall upward momentum of zinc market is still in existence, and the downward pressure is increasing. It is expected that the range of zinc market will be adjusted in the future.
| PVA |