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Commentary on recent zinc market and prospect

机译:关于最近的锌市场和前景的评论

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摘要

Zinc market turned over a new leaf in March and the first half of April. The average prices of LME cash month and 3-month zinc contracts were 2,416.43 US dollars/t and 2,423.16 US dollars/t in March, increasing by 8.9 and 8.3 percent against February respectively. LME inventory has been declining since the start of the year, down by 1,500-3,200 tonnes a day. And on April 13, the inventory was reported at 273,225 tonnes. In China, the average settlement price of HG zinc ingot was about 20,426 yuan/t in March, up by 1.1 percent against that in February. Zinc market is now filled with the sentiment of further increase. Analysts all agree that the fundamentals are pretty good, but it is out of question that the most potent driver for zinc price is not the fundamentals now. To what level the price will increase will depend on the interests of the funds.
机译:锌市场在3月和4月上半年翻阅了一条新叶子。 LME现金月的平均价格和3个月的锌合同为2,416.43美元/吨和2,423.16美元/吨/吨/吨,分别增加了8.9%和8.3%。 自年初以来,LME库存一直在下降,每天下降1,500-3,200吨。 据报道,4月13日,库存为273,225吨。 在中国,HG Ingot的平均和解价格在3月的平均定居点约为20,426元/T,而2月份的平均定居点为1.1%。 锌市场现在充满了进一步增长的情绪。 分析师都同意基本面相当不错,但是毫无疑问,目前最有力的锌价格驱动力不是基本面。 价格上涨的水平将取决于资金的利益。

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