Zinc price rose on February 14

Zinc price rose on February 14

According to the data monitoring of the Business News Agency, the zinc price was 23134 yuan/ton as of February 14, up 0.59% from 22998 yuan/ton on February 13 of the previous trading day. After falling for three consecutive trading days, the zinc price stopped falling and recovered, and rose slightly on February 14.

Key points of zinc market

The domestic credit data released showed that China’s credit data in January exceeded expectations, and M2 growth rate exceeded expectations. The credit data met the market’s expectations for domestic economic recovery; The operating rate of zinc plating and die-casting zinc alloy has risen steadily, the supply and demand of zinc industry has increased, and the rising power of zinc market still exists.

Aftermarket expectation

Both supply and demand increase, and the rising power of zinc market increases. It is expected that the zinc price will consolidate strongly in the future.