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Zinc price: pay attention to processing cost and inventory change
2020-10-12

Oct 12 (LTIT) – From a long-term perspective, the recovery of supply from overseas zine mines is a more consistent expectation, but there is still uncertainty in its progress. In the later stage, some smelters are facing the demand for winter storage of raw materials, and the supply of raw materials may still be tested.

 

At the end of the year, China's zinc smelting output is expected to accelerate the release. In addition, overseas zinc ingot imports are abundant, and domestic zinc ingot supply may be guaranteed.

 

As we approach the end of the year, we need to pay attention to the possibility of weakening consumption seasonality. At present, the overseas economy is still being repaired. With the weakening of the general environment economy, the global staged economic stimulus effect may be relatively limited. In addition, it is not ruled out that the Covid-19 epidemic will break out again and interfere with consumption.

 

We need to pay attention to changes in processing fees and changes in inventory. In the later period, zinc prices may remain in the shock range of 18,000-21,000 yuan/ton.

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