长江有色：17日锌价大跌 今日总体交投表现平平
Xin Lang Cai Jing·2025-12-19 07:27

Group 1: Zinc Market Overview - Today's Shanghai zinc futures showed weak fluctuations, with the main contract opening at 23,005 CNY/ton, reaching a high of 23,020 CNY/ton, and a low of 22,835 CNY/ton, closing at 22,970 CNY/ton, down 170 CNY, a decrease of 0.73% [1] - The trading volume for the Shanghai zinc 2601 contract was 120,568 lots, a decrease of 17,972 lots, while the open interest fell by 13,967 lots to 59,226 lots [1] - The latest price for London zinc was reported at 3,057 USD, an increase of 22 USD [1] Group 2: Domestic Zinc Price Statistics - The ccmn comprehensive price for 0 zinc was reported at 22,970-23,070 CNY/ton, with an average of 23,020 CNY, down 170 CNY; 1 zinc was priced at 22,880-22,980 CNY/ton, averaging 22,930 CNY, also down 170 CNY [1] - In Guangdong, the 0 zinc price ranged from 22,610 to 22,910 CNY/ton, averaging 22,760 CNY, and 1 zinc was priced at 22,540-22,840 CNY/ton, averaging 22,690 CNY, both down 170 CNY [1] - The current spot zinc market quotes 0 zinc between 22,960-23,070 CNY/ton and 1 zinc between 22,890-22,980 CNY/ton, with the 0 zinc premium at 30-140 CNY/ton and 1 zinc at a discount of 40-50 CNY/ton [1] Group 3: Supply and Demand Dynamics - In November, domestic zinc concentrate production was 311,400 tons, a decrease of 19,400 tons from October, with northern mines entering a seasonal reduction phase [3] - The processing fees for domestic zinc concentrate have rapidly declined, with domestic processing fees dropping to 1,600 CNY/metal ton and imported processing fees falling to 50.56 USD/dry ton [3] - Domestic zinc ingot inventory has been continuously decreasing, with a weekly decline of 12.34%, reaching the lowest level in three and a half months [3] Group 4: Market Sentiment and Future Outlook - The overall market sentiment remains cautious, with downstream demand weak and trading activity subdued, despite traders' efforts to maintain prices [4] - The continuous decline in processing fees and expanding losses for smelters are expected to slow down the adjustment pace and space for zinc prices [4] - Short-term attention should be given to the support level at the 20-day moving average [4]