Group 1 - The domestic zinc market is experiencing a downward trend, with the main contract for Shanghai zinc futures opening at 22,020.00 CNY/ton and fluctuating between a high of 22,070.00 CNY and a low of 21,915.00 CNY, reflecting a decline of approximately 1.17% [1] - According to Zhengxin Futures, there is a tendency for oversupply in the zinc market due to stable demand and increasing supply, although the realization of this oversupply depends on the transmission from the mining sector to the smelting sector, which will take time for internal adjustments [1] - Five Minerals Futures noted that domestic zinc smelting enterprises maintained normal production during the holiday, while most downstream zinc enterprises also operated normally, with some zinc alloy companies taking longer breaks [1] Group 2 - Zhonghui Futures indicated that the domestic demand peak season is not strong, advising cautious holding of previous short positions and recommending selling hedges to lock in profits, with a medium to long-term bearish outlook on zinc due to increasing supply and decreasing demand [2] - The focus for Shanghai zinc is on the range of 21,800 to 22,400 CNY/ton, while for London zinc, the range is set at 2,900 to 3,000 USD/ton [2]
供需平衡有过剩倾向 预计短期沪锌期货低位震荡
Jin Tou Wang·2025-10-15 06:04