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2021 Zinc price outlook

2021 Zinc price outlook

Issue Time:2021-01-18
In the first half of 2021,zinc prices are likely to remain strong.From a macor perspective,as the dust settles on macro events such as the US election,market consensus is expected to be restored,and the optimistic expectations brought by the new crown pneumonia vaccine,zine and other procyclical varieties are expected Continue the rising trend;from a fundamental point of view,the possibility of a second outbreak of the overseas epidemic will cause major uncertainties at the mining end.The continuous decline in smelting fees may result in a tight release of smelting capacity,and consumption may be in the new and old infrastructure.With the two-wheel drive maintaining the prosperity,the zinc market may continue to be under-supply.In the second half of the year,with the continuous recovery of domestic and foregin zinc mine production capacity,the expectation of long-term oversupply of zinc mines will gradually be fulfilled,and zinc prices may return to a weak track.