2025年11月25日锌市场日报

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11月25日锌市场日报

2025-11-25 16:48:32 来源：北方有色网责任编辑：石林

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一、价格汇总

二、影响因素分析
需求端
下游镀锌、压铸等行业疲软态势延续：受宏观经济不确定性及终端消费活力不足影响，企业订单改善有限，采购以刚需为主，锌价缺乏需求端强劲支撑；房地产行业对锌消费的拖累仍在，今日需求端表现疲软，未对价格形成有效提振。
供应端
冶炼企业生产整体稳定，原料供应小幅波动未造成实质影响，货源充足；贸易商受前期锌价波动影响，出货意愿较强，市场供应量充裕。国内锌锭市场延续供应宽松格局，尽管海外库存极低，但国内货源充足对锌价形成抑制；北方矿山季节性减产影响尚未完全显现，冶炼厂原料库存充裕，进一步强化供应宽松格局。
三、后市展望
短期内，锌锭价格仍由供需关系主导。当前下游需求疲软、供应端宽松的格局未改，今日部分区域价格虽有上涨，但后续缺乏持续反弹动力，预计锌价或维持区间震荡走势。

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2025年11月25日锌市场日报

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