Monday, 25 November 2019

Zinc Prices Ended With Gains After Data Pointed To A Weekly Decline

Zinc trading range for the day is 183.7-190.5.

Zinc prices ended with gains after data pointed to a weekly decline in China’s social inventories of refined zinc.

The global zinc market deficit narrowed in September to 21,400 tonnes from an revised deficit of 27,000 tonnes in August, data from ILZSG.

Social inventories of refined zinc across Shanghai, Tianjin and Guangdong decreased by 5,800 mt

Warehouse stock for Zinc at LME was at 59875mt that is up by 525mt.

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