On July 30, 2018, there were one type of commodities that rose in the price of the fluorine chemical industry, and one product that fell in total, and three commodities that went up and down to zero. The main commodities that rose were: chloroform (1.24%); the main commodities that fell were: aluminum fluoride (dry method) (-2.76%).

On the 30th, the market for fluorine chemical raw materials was temporarily stable. The price of raw fluorite was 2690 yuan/ton. The mainstream of fluorite market in northern China was 2600-2700 yuan/ton. The price of southern fluorite market was 2600-2800 yuan/ton. The fluorite installation of the parking was not broken, the phoenix installation started to rise, the spot supply was relieved, and the fluorite price fluctuated, but the decline was limited. In addition, the recent downstream refrigerant industry has a price reduction demand, the price trend of hydrofluoric acid market is temporarily stable, and the price of hydrofluoric acid market is 11233.33 yuan/ton as of the 30th. The hydrofluoric acid market has a downward trend in the later stage. It is expected that the fluorine chemical industry will be late. Slightly lower.

First, the price trend
According to the statistics of business clubs, the zinc price has been falling all the way in March 2018. As of March 31, the price of zinc fell to 24,832.50 yuan per ton, which was 5.85% lower than the price of 2,6375.00 yuan per ton at the beginning of the month (March 1). It is the metal that has fallen the most in the non-ferrous metal sector during the same period. Overall, zinc prices fell by 5.85% in March and rose by 6.00% year-on-year. Zinc prices have a tendency to converge with 2017 prices.

Second, the market trend analysis

Products: The International Lead and Zinc Research Group (ILZSG) reported that in 2018, the global zinc production capacity will increase by 880,000 tons, and lead production capacity will increase by 123,000 tons. Joao Jorge, director of market research and statistics at ILZSG, said that due to zinc mining and project expansion, the tight market conditions for the global zinc market will ease this year.

Inventory: As of March 31, the Shanghai Futures Exchange futures zinc warehouse receipts 42396 tons, an increase of 4,987 tons from the beginning of March 37, inventory 37,409 tons. Futures zinc stocks rose, zinc supply shortage pressure fell, and the zinc price was bearish.

Macroeconomics: According to the latest data released by the National Bureau of Statistics, in the January-February period, the total profit of industrial enterprises above designated size reached 968.9 billion yuan, a year-on-year increase of 16.1%. In 41 industries, the profit of non-ferrous metal smelting and rolling processing industry dropped by 11.9%. Non-ferrous smelting profits fell, forcing the zinc price downward pressure to increase, negatively affecting the zinc market.

International Business: Bunker Hill Mining of Toronto, Canada announced that it will restart a 100-year-old mine in Idaho. The company stated that it will consider reopening the mine before the end of 2018 and carrying out large-scale lead-zinc mine production within about two years.

Third, the market outlook

In March, the general trend of zinc prices fell, mainly due to the gradual increase in supply in the fundamentals of supply and demand, and the weak demand for various degrees, and on the basis of this caused many bad news in the market. Business analysts believe that: supply and demand fundamentals, zinc supply shortage has eased, the recent decline in zinc prices, but the zinc market is still in short supply in 2018, the recent price reduction is more like the release of 2017 high zinc pressure Instead of the lack of zinc demand. After April, as zinc demand continues to increase, there will still be a price recovery period for zinc prices in 2018, and the price may reach the peak of zinc price in 2017.

The copper producer Cradle Arc will restart the Mowana copper mine in Botswana, which will increase production to 12,000 tons per year. More and more African countries are using the advantages of rising metal prices to develop mining assets.

Kevin van Wouw, chief executive of the mining company, said that after obtaining $10 million worth of debt financing, the Mowana mine will accelerate development in the next three to four months. The output target thereafter is to reach 20,000 tons per year.

First, the price trend

According to the data monitoring, the zinc price oscillated and fell in March. This week, the price of zinc fluctuates and the overall decline is slight. As of March 23, the zinc price was RMB 24,772.50/ton, which was a drop of 6.08% from the price at the beginning of the month. Compared to the beginning of the week (March 19), the zinc price was down by 0.55% from RMB 24910.00/ton, which was a year-on-year increase of 5.41%.

Second, the market trend analysis

Products: Shanghai Futures Exchange futures prices of zinc futures on March 23, 24690-24730 yuan / ton, the price fell, the London LME market futures zinc March 23 closing price of 3203 US dollars / ton, compared to March 1 closing price of 3,407 US dollars / Ton, the price dropped by 204 USD/ton. The price dropped significantly.

Inventory: As of March 23, the futures zinc futures stocks on the Shanghai Futures Exchange were 45,422 tons, a decrease of 2,672 tons from the 48,094 tons of zinc stocks on March 19 at the beginning of the week, a decrease of 5.56%. Futures zinc stocks fell significantly, and futures zinc transactions were generally active. London LME market zinc ingot stocks of 211,225 tons, an increase of 5,100 tons, an increase of 2.47% compared with the inventory of 206,125 tons at the beginning of the week.

Industrial chain: Since the New Year’s Day in 2018, galvanized sheet has been in a downward trend. As of March 23, the galvanized sheet has dropped by 4.00%. The price of galvanized plates fell, and the demand for zinc decreased. This has negative effect on the zinc market.

International: According to data released by the Kazakhstan Statistical Commission, the country’s refined zinc production rose by 2.4% year-on-year in January-February. The increase in refined zinc production will have a positive effect on the zinc market. Morgan Stanley raised its price forecasts for copper, nickel and zinc in 2018 and stated that aluminum is the current preferred metal.

Peru’s Minister of Energy and Mines Angela Grossheim revealed that Peru will start 9 new mining projects in 2018. After the project is completed and put into operation, Peru’s iron ore production will increase by 170%, copper will increase by 18%, and molybdenum will increase by 12%. %, zinc increased by 5%, silver rose by 7%. In 2017, Peru’s iron ore production was 8.8 million tons, manganese was 1,133 tons, lead was 307,000 tons, zinc was 1.47 million tons, tin was 17.80 million tons, molybdenum was 28,100 tons, cadmium was 797 tons, arsenic was 22,000 tons, and helium was 124 tons. 151 tons of gold and 4,300 tons of silver.

Third, the market outlook

This week, domestic zinc prices fluctuate and the overall price has declined slightly. The recent zinc price has basically recovered to 2017 levels. Recently, the downstream market needs to perform weakly on zinc, and zinc trading activity has declined. The procurement of zinc by enterprises is mainly based on basic demand procurement, and the overall zinc market is weak. However, despite the recent sharp decline in zinc prices, but globally, in 2018, zinc is still in short supply. The recent increase in the supply of zinc and the weakening of demand have affected both, and even in a short period of time zinc is in an oversupply situation, prompting the recent sharp decline in zinc prices. With the gradual recovery of the downstream market, the zinc price is bound to usher in a small growth peak. Business analysts believe that: at this stage, demand does not meet expectations, supply has improved, supply shortages have eased, but overall, the basic status quo of global zinc supply has not yet been improved, the market is still in short supply, and at this stage Downstream consumption and international environmental impact will be improved after March. It is expected that the zinc market may usher in an inflection point in April.