Wednesday, 29 May 2019

Zinc Trading Range For The Day Is 206.2-214

Zinc trading range for the day is 206.2-214.

Zinc prices dropped on profit booking after seen supported as investors worried about low inventory levels for the metal used to galvanise steel.

Shanghai Futures Exchange zinc stocks dived by 18.1% from the previous week to 56,320 tonnes, according to data.

LME zinc inventories dipped for five straight sessions last week and stood at 102,600 tonnes.

Warehouse stock for Zinc at LME was at 101925mt that is down by -675mt.

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