Zinc trading range for the day is 192.2-197.8.
Zinc steadied as prices bucked the weaker trend as an environmental crackdown in China created shortages of refined metal.
China's zinc output came in at 4.53 million tonnes in 2018, according to a survey of smelters by Antaike.
Concern about nearby zinc supplies has been fuelled by one company holding between 50 percent and 79 percent of LME zinc warrants and cash contracts.
Zinc steadied as prices bucked the weaker trend as an environmental crackdown in China created shortages of refined metal.
China's zinc output came in at 4.53 million tonnes in 2018, according to a survey of smelters by Antaike.
Concern about nearby zinc supplies has been fuelled by one company holding between 50 percent and 79 percent of LME zinc warrants and cash contracts.
No comments:
Post a Comment