Zinc price trend

According to the business agency data monitoring shows: since October 16, the price of zinc has risen, and the zinc market has recovered. As of October 28, the average price of zinc was 20163.33 yuan / ton, up 3.12% compared with 19553.33 yuan / ton on October 16 at the beginning of the month.

Fed’s measures to extend quantitative easing

On October 9, Chicago Fed President Charles Evans said the Fed would expand quantitative easing if the economic recovery slowed. In addition to Evans, a number of Federal Reserve officials have recently supported the expansion of QE, calling for more fiscal policy. Quantitative easing policy is good for macro-economy, boosting the future economic expectation, and the future zinc market is expected to recover.

EU may increase its easing policy

As the epidemic returns, many institutions expect the European Central Bank to maintain stability this week, but in view of the deteriorating economic outlook of the euro area, Lagarde will release the signal of the December meeting to increase QE. The early fermentation of the loose expectation of the Bank of Europe puts pressure on the euro, and the euro may fall sharply. Loose monetary policy, stimulate economic recovery, good for zinc market.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, said: the United States and the European Union have successively issued stimulus policy signals to stimulate the market to recover, which is good for the zinc market. However, in the past few weeks, the epidemic situation in the European Union and other places has intensified, leading to new local blockade restrictions, and the possibility of the economy facing pressure again is rising. The macro-economic environment is not ideal, the growth of zinc market in the future is under great pressure, and the rising power of zinc market in the future is expected to be limited. On the whole, the positive signals of macro policies continue to stimulate the recovery of zinc market, but the global economic environment is not good, the effect of policy stimulus is still to be determined, and the zinc price is expected to rise slightly in the future.