The price of zinc fluctuated and rose
According to the data monitoring of business society, the price of zinc fluctuated and rose this week, and the zinc market fluctuated and rose. As of December 17, the price of zinc was 24166 yuan / ton, up 2.23% from 23638 yuan / ton on December 10 last weekend; Compared with the zinc price of 23078 yuan / ton on December 1 at the beginning of the month, an increase of 4.71%. The zinc market rose this week, and the zinc price fluctuated and rose.
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LME inventories rose sharply this week
Zinc inventory statistics of LME Market
time stock Increase or decrease Change proportion
December 9th one hundred and fifty thousand and four hundred – two hundred and seventy-five – 0.18%
December 10th one hundred and sixty-four thousand four hundred and twenty-five fourteen thousand and twenty-five 9.33%
December 13th one hundred and ninety thousand and nine hundred twenty-six thousand four hundred and seventy-five 16.10%
December 14th two hundred and nine thousand one hundred and seventy-five eighteen thousand two hundred and seventy-five 9.57%
December 15th two hundred and seven thousand five hundred and seventy-five – one thousand and six hundred – 0.76%
December 16th two hundred and six thousand eight hundred and twenty-five – seven hundred and fifty – 0.36%
It can be seen from the zinc inventory statistics of LME market that since December 10, the zinc inventory in LME market has increased greatly, the zinc inventory has increased, and the supply of zinc market has increased, which has a great impact on the negative zinc price, and the zinc price has fluctuated slightly.
Electricity prices in France soared to an all-time high
EDF said on December 15, 2021 that it would shut down its two reactors at Chooz nuclear power plant this week, and the two reactors of civaux nuclear power plant would be shut down for a long time. At this time, when the European continent is experiencing a cold current and the natural gas inventory has been exhausted, the shutdown of French nuclear power plants will make the power market more tense. On the European energy exchange, the price of electricity supply in Germany jumped by more than 10% next year, and the price of electricity in Germany jumped to 230 euros per megawatt hour in 2022. Electricity prices in France soared 20 per cent to 485 euros in the previous week’s trading, while contract prices soared 40 per cent to a record 550 euros in January. The soaring electricity price is obviously bad for the nonferrous smelting market. Affected by this, nonferrous smelting enterprises reduce production and limit production, and the future supply of zinc city is expected to decrease.
Nyrstar announces closure of French zinc production plant
| Sodium Molybdate |
Nyrstar, one of the world’s largest zinc smelters, said on December 16 that in order to cope with the current and expected surge in electricity prices in France, the maintenance plan of its auby zinc project in France was advanced to the first week of January 2022. Nyrstar, a global metal mining company, is the world’s leading producer of zinc and lead. Nyrstar’s zinc production capacity in Europe is 720000 T / A. European zinc smelters stopped production again, the driving force for the rise of zinc prices increased, and the night market of zinc soared.
Market overview and future forecast
Business analysts believe that: affected by the large increase in zinc inventory in LME, the bad situation in zinc market increased and the zinc price fell slightly; Later, affected by the soaring electricity price in France, the production of European zinc smelters was reduced again, and the zinc price soared. The overall zinc price fluctuated and rose. In the future, the domestic zinc market is relatively stable, and the zinc price trend is mainly dominated by the international zinc market. The soaring electricity price leads to the decline of zinc smelting output, and the shutdown of zinc smelting in Europe exacerbates the concern of zinc supply shortage; However, zinc stocks in LME market increased significantly to make up for some concerns about zinc supply shortage. The supply shortage in zinc market may be lower than the expected reduction in production, and the zinc price expectation in the future will rise slightly.
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