Zinc price rose on September 24
According to the data monitoring of business agency, the zinc price was 23088.00 yuan / ton on September 24, up 1.15% from 22826.00 yuan / ton on September 23 of the previous trading day. On September 24, the zinc market stopped falling and rebounded, and the zinc price rose sharply.
Domestic power rationing intensified
On September 23, affected by the continuous high temperature before the arrival of double typhoons, Guangdong implemented the temporary peak shifting power consumption plan again. According to the orderly power consumption plan, Shunde, Foshan, Guangdong and Jieyang have implemented “one start, one stop and six stops”; Shantou, Guangdong plans to implement the orderly power consumption measures of industrial “zero start and seven stop” + emergency peak avoidance + low-voltage three-phase industry + Commerce on the 23rd. In addition to Guangdong, Shandong, Qinghai, Ningxia, Yunnan, Guangxi, Hunan, Anhui, Sichuan, Henan, Chongqing, Inner Mongolia and other places have also successively issued power rationing or staggered peak power consumption notices. Most provinces in China have encountered power rationing. Zinc smelting, as one of the main power consuming industries, has reduced the output of zinc city.
Market Overview
Business analysts believe that: with the upgrading of power restriction, the output of zinc market is expected to decrease. In the market where there is no significant change in demand, the output of zinc ingots decreases, which increases the driving force for the rise of zinc price. It is expected that the zinc price will fluctuate and rise in the future.
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