Zinc price trend
| Gamma Polyglutamic Acid |
According to the data monitoring of the business agency, the zinc price fell first and then rose in September, and the overall zinc price remained stable. As of September 21, the average price of zinc was 20493.33 yuan / ton, down 0.47% from 20590.00 yuan / ton on September 1.
Domestic zinc production
Date current month output (10000 tons) cumulative output (10000 tons)
August 2020 53.9-410.9
July 2020: 52.4-356.9
June 2020 52 304.8
May 2020 51.4 252.7
April 2020 51.7-201.3
March 2020 48.9 149.5
February 2020 – 104
December 2019 60.7-623.6
November 2019 59.4 569.2
October 2019 54.8 512.3
September 2019 54.8-458.3
August 2019 52.8 403.4
July 2019 51.2 343.8
June 2019 51.3 281.5
May 2019 48.226.9
April 2019 46.5-176.5
March 2019 45.3-130.6
February 2019 – 85.1
| Gamma Polyglutamic acid food grade |
It can be seen from the table that the monthly output of zinc ingots in domestic zinc market has increased on a month on month basis, and the cumulative output has increased. Zinc market supply growth, zinc market downward pressure increased. In the first ten days of September, the price of zinc fluctuated and fell.
Zinc inventory in Shanghai market
Time this week inventory increase / decrease
Subtotal futures
9.1-9.6 74325 26776 -685 -2930
9.7-9.13 58453 20774 -15872 -6002
9.14-9.20 62495 19072 4042 -1702
It can be seen from the table that the zinc ingot inventory in Shanghai futures exchange market decreased significantly in September, and the futures inventory decreased significantly. With the advent of “golden nine silver decade”, domestic zinc market demand increased and zinc market inventory decreased. The rising power of zinc market increased, and the price of zinc recovered and rose in mid September.
Analysis, review and Prospect
According to Bai Jiaxin, an analyst at the business agency, the price of zinc first rose and then fell in September. Domestic zinc ingot output increased from January to August, the supply of zinc market increased, and the downward pressure of zinc price increased. In the first ten days of September, zinc price fluctuated and fell; in September, the spot zinc ingot inventory in Shanghai futures market fell first and then rose, and futures inventory fell sharply. With the advent of the golden age, the demand of zinc market is rising, the output of zinc market is rising, and the supply of zinc market is increasing. The overall supply and demand of zinc market is basically stable. It is expected that the future zinc market will be stable.
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