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长江有色:5日锌价暴涨 整体活跃度一般
Xin Lang Cai Jing· 2026-01-05 09:28
Group 1 - The core viewpoint of the articles indicates a significant increase in domestic zinc prices driven by macroeconomic factors, including the Federal Reserve's interest rate decisions and rising geopolitical tensions, which have heightened demand for safe-haven assets like gold and silver, subsequently boosting industrial commodities like zinc [2][3] Group 2 - The Shanghai zinc futures market showed a strong performance today, with the main contract opening at 23,435 CNY/ton, reaching a high of 23,930 CNY/ton, and closing at 23,820 CNY/ton, marking an increase of 525 CNY or 2.25% [1] - The trading volume for the Shanghai zinc 2602 contract decreased by 13,796 lots to 141,147 lots, while open interest increased by 3,363 lots to 89,942 lots [1] - The current domestic spot zinc prices reported by CCMN indicate a rise, with 0 zinc priced between 23,920-24,020 CNY/ton and an average of 23,970 CNY, reflecting an increase of 620 CNY [1][2] Group 3 - On the supply side, the current zinc price is stimulating production at mines, particularly in China, with the Huoshayun project being a key factor affecting the supply-demand structure [3] - Domestic zinc smelters are experiencing tight supply of zinc concentrate, leading to strong purchasing intentions from smelters, while some market participants anticipate a further decline in processing fees next month [3] - The demand side shows an expected increase in zinc demand as domestic end-users rush to complete deliveries in January, with a continuous decline in Shanghai zinc warehouse stocks, which fell by 3,170 tons to 69,793 tons, a four-month low [3]