Monday 18 March 2019

Zinc Prices Dropped On Profit Booking After Prices Seen Supported On Investors

Zinc trading range for the day is 191.1-201.3.

Zinc prices dropped on profit booking after prices seen supported on investors worry about ultra-tight stocks.

China January to February zinc output down 8.2 percent from a year earlier at 851,000 tonnes, the National Bureau of Statistics said

The low-inventory situation, as well as fears of production outrages, has spurred the backwardation in London Metal Exchange zinc higher.

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