Zinc prices fell on November 8

According to the data monitoring of business society, the zinc price fell on November 8, and the zinc market fell. On November 8, the zinc price was 22988.00 yuan / ton, down 0.62% from 23132 yuan / ton on November 5 of the previous trading day. Zinc market fell.

Overview of zinc Market

The processing cost of domestic zinc concentrate decreased, the production enthusiasm of zinc smelters weakened, and the domestic zinc smelting output is expected to decline; European Trafigura group reduced the output of zinc smelting by 50%, Glencore’s three zinc smelters staggered peak production, and the global zinc supply is expected to decrease; Reduction of social inventory of zinc ingots; PMI decreased, domestic manufacturing production slowed down, and the supply and demand of zinc city were both weak; The zinc price returned to the zinc price level in September; The market of galvanized sheet fell, and the demand of zinc market fell.

Market Overview

Business analysts believe that: the supply and demand of zinc market are both weak, the galvanized sheet market is declining, the demand of zinc market is declining, the social inventory of zinc city is declining, the processing fee of zinc smelting is declining, the supply of zinc smelting is expected to decline, the overall supply of zinc city is decreasing, and the demand is weakening. The upward momentum of zinc market still exists, and the downward pressure is weakened. It is expected that the range of zinc price will fluctuate and adjust in the future.