The following is an excerpt from the weekly report of the zinc industry chain:
On the macro level, at the FOMC meeting of the Federal Reserve this week, it is clear that the reduction in bond purchases will be accelerated, and the expectation of raising interest rates next year will be further strengthened. The first rate increase is expected in May, but the inflation forecast for next year has been raised, which also means that the problems in overseas supply chains have not been alleviated. Overall in line with the expected results, zinc prices are also a wave of V-word reversal. On the other hand, electricity has taken a strong logic. This week, France's EDF will shut down two reactors at its Chooz nuclear power plant until the spring, which will exacerbate the power shortage in Europe. French electricity prices soared 37 per cent to 540 euros per megawatt yesterday and may also have an impact on neighboring countries. The situation has had another impact on zinc smelters. Nyrstar said on Thursday that its Auby zinc project would begin maintenance from the first week of January 2022 in response to the current and future expected sharp rise in electricity prices in France. The problem of electricity in Europe is still serious, and against this background, Ren Zinc will continue to rise strongly. And the time is about to go to 2022, whether the early influential smelters will prolong the production reduction time, or one of the biggest risk points. Overall, Lun Zinc will remain strong, or run at 3350 to 3500 US dollars per ton.
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Catalogue of "SMM Zinc Industry chain Weekly report" in this issue
Main points of this weekly report: processing fees, import profit and loss inventory
Hot spot of Zinc Industry: electricity prices soar under the French Nuclear Power problem and refineries report production cuts again
Zinc concentrate market: stable performance of domestic zinc ore processing fees
Refinery dynamics
Imported zinc market
Zinc market predicts next week: the problem of electricity price in Europe is still the main risk. Zinc price is on the strong side.
Review of Zinc City
Zinc plating
Die casting zinc alloy
Zinc oxide
[China Zinc Industry chain High-end report] SMM exclusive monthly survey of zinc industry chain report, covering from zinc concentrate to zinc primary consumer operating rate and supply and demand profile. And announce the exclusive monthly zinc concentrate, refined zinc balance, continue to track the industry entity enterprises, update data. And through the supply and demand situation and data model to make a simple prediction of the future trend of zinc. "View details
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