Zinc Settled Flat As Pressure Continued Due To Higher Shanghai Inventories

Zinc trading range for the day is 181.2-185.2.

Zinc settled flat as pressure continued due to higher Shanghai inventories of refined zinc.

The global zinc market swung into a 4,200 tonne deficit in July from a revised surplus of 13,800 tonnes in June, data from the ILZSG showed.

China's refined zinc and zinc alloy output grew by 1.4% in August from the previous month, as a recovery in smelter operating rates offset seasonal summer maintenance.

Warehouse stock for Zinc at LME was at 62150mt that is down by -775mt.

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