Friday, 19 July 2019

Zinc Ended With Losses As Data Showed The Global Zinc Market Deficit Narrowed In May

Zinc trading range for the day is 187-199.

Zinc ended with losses as data showed the global zinc market deficit narrowed in May.

The global zinc market deficit narrowed to 27,200 tonnes in May from an upwardly revised deficit of 87,500 tonnes in April.

Summer maintenance at some smelters and bargain-hunting purchases by downstream consumers deterred social inventories from sharply ramping up.

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