On September 10, the metal zinc market in the domestic market fell. The average price of metal zinc in the domestic spot market was 21,783.75 yuan/ton, down by 0.04% from the previous trading day; the average ex-factory price was 22,318.57 yuan/ton, compared with the previous trading day. The price rose by 0.03%.
On September 9th, the zinc (market) commodity index was 124.48, which was the same as yesterday. It was down by 20.09% from the highest point of 155.77 points (2017-10-09) in the cycle, which was 72.22 points higher than the lowest point of 72.28 on November 22, 2015. %. (Note: Period refers to 2011-09-01 to date).
On September 10, the price of zinc rose, and the recent zinc price fluctuated. On September 10, domestic zinc prices were mixed, and the price was generally stable. The overall demand of the zinc market has not changed significantly, the market performance is struggling, and the zinc warehouse inventory is at a low level, but the inventory of the Shanghai futures market has increased recently. On September 10, the inventory of zinc ingots in Shanghai futures market was 1,889 tons, and the inventory increased by 176 tons. The market activity of zinc ingots was poor, and the overall transaction volume was low.
Market outlook: After the market outlook, market demand has not improved significantly, and zinc prices have not been able to rise. However, the inventory of futures zinc ingots is at a low level, the market supply has not increased significantly, and the zinc price will not produce a large decline. The zinc price growth in the market is weak, but the supply is limited, and the price is difficult to fall sharply. It is expected that the zinc price in the market will fluctuate.