1、 Price trend
According to the data monitoring of the business agency, this week’s zinc market failed to continue its previous strong performance, and the zinc price fell in shock. As of April 24, the spot price of zinc was 16150.00 yuan / ton, down 1.70% from 16430.00 yuan / ton at the beginning of the week. Although the zinc market has been weak this week, the overall trend is still rising.
| PVA 1788 (PVA BP17) |
2、 Market trend analysis
Zinc stock in LME Market
Product inventory increase / decrease time
Zinc 97300-675 April 14
Zinc 99750 2450 April 15
Zinc 99150-600 April 16
Zinc 98300-850 April 17
Zinc 98050-250 April 20
Zinc 97850-200 April 21
Zinc 97600-250 April 22
Zinc 100075 2475 April 23
Zinc 99475-600 April 24
It can be seen from the table that in April, the stock of zinc ingots in LME market increased greatly, the stock of international zinc market increased, the supply of zinc market increased, the price of international zinc market was dragged down and weakened, which was bad for domestic zinc market. Zinc market’s upward momentum weakened, with some downward pressure.
Zinc stock in Shanghai market
Time: inventory increase / decrease of this week
Subtotal futures subtotal futures
4.20-4.24 133349 63556 -13617 -16112
4.13-4.17 146966 79668 -6352 -4315
4.6-4.10 153318 83983 -4821 -2680
3.30-4.3 158139 86663 -1867 -2339
3.23-3.27 160006 89002 -8319 -5008
3.16-3.20 168325 94010 -1586 7125
3.9-3.13 169911 86885 7509 -1202
3.2-3.6 162402 88087 2391 1999
| PVA |
It can be seen from the table that last week, the weekly stock of zinc ingot in Shanghai futures market fell sharply, the futures stock fell sharply, the supply of domestic zinc market declined, and the demand continued to pick up. Generally, the domestic zinc market is more favorable, and the zinc market is gradually picking up.
3、 Future prospects
Bai Jiaxin, an analyst of business club, thinks that the domestic zinc market is generally good this week, and the zinc market continues to slowly recover, but the stock of the international zinc market is greatly increased, and the zinc market is under great downward pressure. The international market dragged down the rebound of the domestic zinc market, and the zinc price was adjusted in shock this week. However, due to the limited global transportation at this stage, the import and export of international zinc ingots are greatly hindered, and the domestic zinc market pays more attention to the supply and demand of domestic zinc ingots. With the slow recovery of domestic zinc market demand, the zinc market still has a certain upward momentum. Zinc price is expected to rise slowly in the future.
| POLYVINYL ALCOHOL |