Zinc prices rebounded slightly on September 2
According to the data monitoring of business agency, the zinc price on September 2 was 22620.00 yuan / ton, which rebounded and warmed up compared with the zinc price of 22613.33 yuan / ton on the previous trading day (August 31), an increase of 0.03%. In September, the zinc price fluctuated and adjusted slightly, and the zinc market fluctuated and stabilized.
The discount increase in the spot market is relatively stable
On September 2, Shanghai 0# zinc ingot reported 22430 yuan / ton, up 10 yuan / ton, and Shanghai 1# zinc ingot reported 22360 yuan / ton, up 10 yuan / ton. The quotation of mainstream brands focuses on the next month’s premium of 160-180 yuan, which is 150-170 yuan / ton compared with yesterday’s premium, which is relatively stable. On September 2, Nanchu Foshan 0# zinc ingot (high price) reported 22410 yuan / ton, up 30 yuan / ton, and 1# zinc ingot reported 22340 yuan / ton, up 30 yuan / ton. Premium price (for the next month): the premium is 150 yuan / ton, up 30 yuan / ton, and the premium rises slightly. In the overall market, shippers actively inquired and shipped, the brand circulation was stable, some shipholders were willing to support the price, and the trading atmosphere was general.
Market Overview
Bai Jiaxin, an analyst of business society, believes that the supply and demand fundamentals of zinc city were relatively stable in September, and there was no decisive force to intervene to break the market supply and demand balance in the short term. The zinc city continued to maintain the weak balance between supply and demand, and the zinc price remained in the shock range for adjustment in the future. In the future, attention was paid to power rationing, downstream construction, inventory, import and export, smelting construction, etc.
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