[ccmnPokeronlineweb.cn abstract] investors bet on improved demand to do long capital inflows into non-ferrous metals, and overnight zinc closed up by 1.2%. Downstream fear of heights and cautious mining remains the same, but the cost end supports the price-raising sentiment of consignors, and the spot discount is narrowed, and zinc is expected to rise today.
[ccmn.cn Zinc Futures Market] Zinc rose rapidly every other week, opening at $2922 / ton, high at $2975, low at $2911.5, and closed at $2943, up $35, or 1.20%. Trading volume 12143 lots increased 1169 lots, position 242740 decreased 1089 lots. In the evening, 2406 of the main contract of Shanghai zinc stabilized first and then stood up, closing at 23485 yuan / ton, up 145yuan, or 0.62%.
Forecast of spot Zinc Price of Changjiang Zinc Industry Network (pb.ccmn.cn) TodayPokeronlineweb: some Fed officials release eagles, public confidence in Chairman Powell is close to an all-time low, expectations of interest rate cuts are still contradictory, the dollar index and US bond yields quickly rebounded from lows, curbing the non-ferrous upward space, but at present, the metal sector is dominated by bullish sentiment, investors bet on improved demand, long capital inflows into non-ferrous, overnight LME metals rose generally, and Lunzinc quickly fell back and closed up 1.2% to $2943 after opening strong. As zinc prices continue to rise and rise, overseas refineries and mines announce plans to resume production, but the short-term supply increment is limited, processing fees are still under pressure, and the cost side is strong to support zinc prices. as a result, the spot discount has narrowed, the market preference still exists, and the correction of Shanghai zinc is not smooth, and the spot zinc is expected to continue to rise. (Changjiang Nonferrous Metals net cjys.cn R & D team 0592-5668838)