SunSirs: Views on the Trend of the Zinc Market on November 3

　　On November 3, the price of zinc fell, and the zinc market fell back. On November 3, the zinc price was 23686.00 yuan/ton, which was a decrease of 1.09% compared with the 23946 yuan/ton zinc price on November 2 of the previous trading day.On November 3, the total zinc inventory of the Shanghai Futures Exchange was 15,770 tons, and the inventory decreased by 1,323 tons. On November 3, the stock of zinc ingots in the London LME market was 194,700 tons, the inventory decreased by 1,300 tons, and the change accounted for a decrease of 0.66%. Among them, 147,675 tons of registered warehouse receipts, 47,025 tons of cancelled warehouse receipts, and cancelled warehouse receipts accounted for 24.15%. The zinc ingot inventory on the Shanghai Futures Exchange has decreased, the London LME market has reduced zinc ingot inventory, and the supply of zinc in the zinc market has decreased. It is expected that the upward momentum in the market outlook will increase.Recently, both supply and demand in the zinc market have been weak. Macro-control will make up for the short-term supply gap in the zinc market. There are more rational investments in the zinc market. However, the Shanghai futures market and the London LME market have continued to reduce warehouse receipts and the supply in the zinc market has decreased and the zinc market has increased momentum. Zinc prices are expected to fluctuate slightly in the future.Related listed companies: Zhongjin Lingnan (000060), Chihong Zinc Germanium (600497).