Group 1 - International oil prices have seen an expanded decline, contributing to a bearish sentiment in global stock markets, which has pressured zinc prices [1] - Overnight, London zinc prices fell for the third consecutive day, closing at $3035 per ton, down $60 or 1.94%, with trading volume increasing by 5810 contracts [1] - Domestic zinc concentrate production in November was 311,400 tons, a decrease of 19,400 tons from October, indicating a tightening supply due to seasonal production cuts [2] Group 2 - The processing fees for domestic zinc ore have rapidly decreased, with domestic processing fees dropping to 1600 yuan per metal ton, and imported ore processing fees falling to $50.56 per dry ton [2] - As of the end of November, smelter raw material inventories have decreased to 377,000 metal tons, with available days of inventory dropping to 20.8 days, indicating a tightening supply situation [2] - Domestic zinc ingot inventories have continued to decline, with a weekly decrease of 12.34%, reaching the lowest level in three and a half months, suggesting strengthened support for zinc prices [2]
长江有色：淡季效应及多头逢高减仓施压 17日锌价或续跌
Xin Lang Cai Jing·2025-12-19 07:27