2025 年8月5日锌价格日报

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

2025 年8月5日锌价格日报

2025-08-05 17:44:34 来源：北方有色网责任编辑：石林

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一、价格概述

二、影响因素分析

(一)需求端

行业开工率与订单情况：下游镀锌、压铸等行业近期表现不佳。前期开工率短暂回升后，增速已明显放缓。部分企业已完成积压订单，在当前锌锭价格波动下行的情况下，采购需求愈发疲软。比如一些小型镀锌企业，由于前期高价采购锌锭导致成本增加，在价格回调阶段，为避免库存贬值风险，选择谨慎采购，仅按需补货。

企业观望情绪：前期锌锭成本推高，如今价格回调，使得企业普遍持观望态度。他们在等待价格进一步企稳或者出现更有利的采购时机，这种观望心态极大地抑制了需求端对价格的支撑作用，导致市场交易活跃度下降。

(二)供应端

冶炼企业生产：冶炼企业生产状况保持稳定，产能释放节奏未发生改变。各大锌锭冶炼厂的设备运行正常，未出现因设备故障或检修导致的减产情况，持续向市场稳定输出锌锭。

库存与物流：虽然港口库存处于较低水平，但得益于顺畅的物流运输体系，货源流通并未受阻。市场上锌锭供应充足，在需求减弱的情况下，供过于求的局面更加明显，从而对锌锭价格形成了较强的压制，使得价格上涨动力不足。

三、后市展望

短期内，锌锭价格走势充满不确定性。

需求端：若下游企业能够逐渐消化观望情绪，恢复正常的采购节奏，尤其是在镀锌、压铸等行业开工率回升，对锌锭的需求增加，那么锌锭价格将获得有力支撑，甚至可能止跌企稳。反之，若需求持续低迷，企业继续维持低采购量，锌锭价格则可能继续下行。

供应端：如果冶炼企业维持现有产能，且港口库存无明显变化，在需求不足的情况下，锌锭价格难以上涨。但倘若出现冶炼企业意外减产，如因环保政策收紧、原料供应短缺等原因，或者港口库存大幅减少，例如因物流受阻导致货物运输不畅，市场供应减少，锌锭价格则可能迎来反弹。

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