Price Overview - The mainstream transaction price for 0 zinc is concentrated between 22,650 to 22,785 CNY/ton, with specific transactions for Shuangyan at 22,730 to 22,855 CNY/ton, and 1 zinc at 22,580 to 22,715 CNY/ton [1] - On July 30, the price list for 0 zinc ingots shows various market prices, with the highest at 22,850 CNY/ton in Zhejiang and the lowest at 22,520 CNY/ton in Guangdong [2] Futures Market - The closing price for the main contract of zinc futures on July 30 is reported at 22,670 CNY/ton, with a slight increase of 0.04%, reaching a high of 22,770 CNY/ton and a low of 22,610 CNY/ton during the day, with a trading volume of 141,408 lots [2] Production and Inventory Insights - Grupo Mexico reported a zinc concentrate production of 45,900 tons in Q2 2025, marking a 56% year-on-year increase, attributed to improved operations at the Buenavista zinc mine [3] - As of July 30, the London Metal Exchange (LME) reported zinc registered warrants at 57,600 tons and canceled warrants at 51,450 tons, with a decrease of 3,100 tons; total zinc inventory stands at 109,050 tons, also down by 3,100 tons [3] Market Analysis - According to a report from Copper Crown Jinyuan Futures, the ongoing US-China trade tensions are expected to extend the 24% tariffs and countermeasures for another 90 days, with no significant breakthroughs in negotiations. The market is awaiting the Federal Reserve's interest rate decision and important domestic meetings [4] - Despite heavy rainfall in the northern regions not affecting galvanizing plant production, weak downstream demand and insufficient purchasing strength at high zinc prices are leading to a slight increase in spot prices, with expectations of inventory accumulation [4] - The short-term zinc price trend is anchored by macroeconomic factors, with expectations of narrow fluctuations in the near term [4]
库存仍有累增预期 短期锌价窄幅震荡
Jin Tou Wang·2025-07-30 08:53