Zinc Prices Fell After Data Showed A Global Zinc Market Deficit

Zinc trading range for the day is 193.1-195.9.

Zinc prices fell after data showed a 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

Zinc inventories in LME have risen around 60% since April when the stockpiles hit a record low, while stocks in ShFE have jumped 268% year-to-date.

Warehouse stock for Zinc at LME was at 80650mt that is down by -100mt.

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