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Short-term Zinc Price to Rise from Low

Apr 13 (LTIT) - Recently, news pointed out that the country would strengthen market regulation of raw materials and ease the cost pressure of enterprises.This news suppressed the basic metals, and the price of zinc dropped for two consecutive days. At present, the price of SHFE zinc is below the range, the downstream inquiry increases, the trading activity among traders improves, and the overall market turnover increases.The inventory of SHFE and LME zinc stock declined, and the processing fee of zinc concentrate was still at a low level, indicating that the supply side was still tight, and the short-term zinc price might rise at a low level in the range.

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