长江有色：股油联动暴挫重挫市场风险偏好 2日锌价或大跌

Group 1 - The core viewpoint of the articles indicates a significant decline in zinc prices due to market sentiment shifts influenced by external factors such as stock and oil market volatility, as well as macroeconomic developments in the U.S. [1][2] - London zinc prices fell by 2.4%, closing at $3,370 per ton, with a trading volume of 19,234 lots, reflecting a decrease in market activity [1] - Domestic zinc consumption is weak as the Chinese New Year approaches, with some zinc mines undergoing maintenance, leading to tight supply conditions [2] Group 2 - The nomination of Kevin Walsh, known for his hawkish stance, to replace Jerome Powell as the Federal Reserve Chair has raised concerns about tighter monetary policy, impacting market liquidity and leading to a sell-off in the non-ferrous metals market [2] - Despite a decrease in zinc ingot inventory to 65,200 tons, indicating resilient consumption, the operating rates in the downstream galvanizing industry have significantly declined [2] - The overall supply-demand fundamentals for zinc remain stable, but the market is experiencing high capital congestion, suggesting a need for short-term adjustments [2]