Thursday, 27 June 2019

Zinc Dropped Pressured By A Stronger Dollar After Comments From The US

Zinc trading range for the day is 198.9-207.5.

Zinc dropped pressured by a stronger dollar after comments from the US Federal Reserve chairman curbed rate cut enthusiasm.

Some major smelters were underutilised in the past months environmental restrictions and Zhuzhou relocating its smelters.

China imported 59,300 mt of refined zinc in May, down 23.57% from April but up 0.32% from May 2018, showed data from China Customs.

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