Tuesday 3 September 2019

Zinc Prices Remained Supported After Caixin Survey Showed

Zinc trading range for the day is 182.3-186.5.

Zinc prices remained supported after Caixin survey showed that China’s factory activity unexpectedly expanded in August.

However, the price gains were capped by lingering worries about a global economic downturn and a robust US dollar.

Stocks of refined zinc across Shanghai-bonded areas fell for a third straight week, decreasing by 2,000 mt from a week ago to 88,500 mt.

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