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无论从锌市供求的基本面,到资金面都存在进一步推涨锌价的利多因素,但随着锌价的持续攀高,其承受的系统性风险越来越值得我们关注。当前宏观经济增速放缓已成市场共识,全球主要经济体经济增长放缓的迹象明显,与此同时通胀压力开始增强。在提高对系统性风险关注的基础上,我们对短期锌价持谨慎看多观点。
No matter from the fundamentals of supply and demand in the zinc market, the capital side there are many bullish factors to push up the zinc price further, but as the zinc prices continue to rise, the systemic risk they are exposed more and more worthy of our attention. The current slowdown in macroeconomic growth has become the consensus of the market. Signs of a slowdown in the growth of the world’s major economies are evident. At the same time, inflationary pressure starts to increase. We are cautious on short-term zinc prices on the basis of improving our focus on systemic risk.