Zinc price trend
According to the data monitoring of business news agency, the price of zinc fluctuated and fell in January, and the zinc market fell back. As of January 18, the average price of zinc was 20573.33 yuan / ton, down 3.52% from 21323.33 yuan / ton on January 1 at the beginning of the month.
Domestic zinc monthly output
Time ﹣ inventory this week ﹣ inventory increase / decrease
Sub total futures sub total futures
11.30-12.4 55510 13335 -736 -1354
12.7-12.11 46681 9920 -8829 -3415
12.14-12.18 41216 9565 -5465 -355
12.21-12.25 32854 7310 -8362 -2255
12.28-12.31 28581 6058 -4273 -1252
1.4-1.8 35008 3735 6427 -2323
1.11-1.18 43177 14775 8169 11040
According to the data of Shanghai futures market, the inventory of zinc in Shanghai futures market increased and the supply of zinc increased in January. The domestic supply of zinc increased in January, and the rising power of zinc decreased and the downward pressure increased.
Import and export data of zinc concentrate
According to the data released by the General Administration of customs, in November 2020, China imported 216400 physical tons of zinc concentrate, which decreased by 87000 physical tons or 28.7% compared with October, and increased by 137700 physical tons or 38.9% compared with November 2019. From January to November 2020, the total import was 3.4978 million tons, with a year-on-year increase of 635000 physical tons, an increase of 22.2%. The import volume of zinc concentrate increased greatly, the supply of zinc market was sufficient, and the downward pressure of zinc market increased.
Analysis summary and Prospect
Bai Jiaxin, an analyst at business news agency, believes that: in January, the inventory of zinc ingots in Shanghai market increased, and the supply of zinc market increased. Recently, the import volume of zinc concentrate increased. The supply of domestic zinc market was sufficient, the supply of zinc market increased, and the downward pressure of zinc ingots increased.
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