Wednesday, 18 September 2019

Zinc Prices Dropped After Top Consumer China Released A Slew Of Weak Economic Data

Zinc trading range for the day is 183.2-187.4.

Zinc prices dropped after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy.

China's zinc output rose by 18.9% year-on-year to 528,000 tonnes in August, data released by the National Bureau of Statistics showed.

Meanwhile, on-warrant LME inventories fell to the lowest since at least 1998, at 33,450 tonnes.

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