Thursday 26 December 2019

Zinc Prices Fell As A Rise In Chinese Inventories Stoked Demand Concerns

Zinc trading range for the day is 177.6-181.2.

Zinc prices fell as a rise in Chinese inventories stoked demand concerns and prompted investors to go short on the metal used to galvanise steel.

However, zinc inventories in warehouses monitored by the Shanghai Futures Exchange have almost halved in the fourth quarter.

Warehouse stock for Zinc at LME was at 51900mt that is down by -500mt.

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