Zinc Ingot Prices Fluctuate Wildly last Week on Various Market Opinions on Demand

SHANGHAI, Mar 20 (SMM) - The prices of zinc ingots fluctuated sharply last week. The market players' opinions towards demand diverged. Some were bullish on future consumption since the construction of infrastructure projects started actively, and the decline in the number of housing construction projects slowed down from January to February. Data such as the operating rates of cement mills, apparent consumption of ferrous metals, and galvanising companies’ operating rates all confirmed the strong demand. Some institutions even expected the year-on-year growth rate of infrastructure physical purchases to reach around 7-10%. Market participants who were pessimistic about the demand doubted whether the demand can be maintained at a high level. Besides, the market survey at the beginning of the year showed that orders received by the zinc enterprises were average. Zinc demand also gets less momentum in the long term.