Close this search box.


China stainless steel factory

Inflation plummets as macroeconomic conditions improve, zinc expected to rise on the 13th.

The significant drop in US June CPI boosts market sentiment, overnight LME zinc rose by 2.23%. Tightened supply due to maintenance impact on zinc ingot production, coupled with marginal improvement in downstream demand, is expected to lead to a rise in spot zinc prices today.

Overnight, LME zinc rose with an opening price of $2,365.5 per tonne, reaching a high of $2,434 per tonne and a low of $2,345 per tonne. It closed at $2,424.5 per tonne, recording a 2.23% increase. The trading volume was 9,233 lots, representing an increase of 1,977 lots compared to the previous period, while the open interest remained unchanged at 178,230 lots. In the evening session, the SHFE zinc futures contract rose and closed at 20,345 yuan per tonne, up by 1.75%.

On July 12th, the latest inventory of LME zinc in London Metal Exchange (LME) stood at 72,150 metric tons, showing a decrease of 775 metric tons compared to the previous trading day.

The significant drop in US June CPI has led to a shift in market expectations from previously anticipated two interest rate hikes to just one this month. As a result, risk assets have seen across-the-board gains, greatly boosting market sentiment. On the supply side, zinc ingot production has gradually declined due to maintenance-related impacts. Meanwhile, there has been a marginal improvement in end-demand, leading to a slight recovery in downstream raw material procurement for inventory replenishment. In the context of tight supply and demand dynamics, it is expected that the short-term trend of accumulating inventories may reverse, leading to a potential increase in spot zinc prices today.

New Center

More Posts

Shanghai Aluminum’s supply and demand fundamentals are weakening, with aluminum prices expected to fall on July 5th.

Amid the tug-of-war between the US rate cut expectations and demand concerns, LME aluminum dropped 0.88% overnight; Shanghai aluminum’s supply and demand fundamentals are weakening, with spot consumption cautious and lacking in orders. Aluminum ingot social inventories continue to accumulate, suggesting a potential drop in aluminum prices today. The tug-of-war between US rate cut expectations

Italian flat steel prices rise on supply shortage

According to Kailan International Steel Information on June 18, due to the strikes in some steel mills in recent weeks, European steel manufacturers have accumulated a large number of unplaced orders. On the basis of weak downstream demand, supply has become even weaker, leading to an increase in the transaction price of Italian plates. The

Sustained Rebound, Consolidation

Viewpoint: The macroeconomic guidance is neutral. The sentiment in the non-ferrous metals sector has significantly eased, showing a weak rebound. On the supply side, TC (Treatment Charges) remains sluggish, and the strong reality of tight marginal supply of copper concentrates continues. The previous high copper prices attracted extensive illegal mining in Peru, and whether production

Send Us A Message


Let's have a chat