Wednesday, 8 January 2020

Zinc Trading Range For The Day Is 179.6-185.4

Zinc trading range for the day is 179.6-185.4.

Zinc prices gained as support seen on continued decline in social inventories ahead of the Chinese New Year holiday and firmer spot premiums in Shanghai boosted morale.

An unexpected decrease in social inventories and firmer spot premiums contributed to gains in zinc, but upside potential will be hampered by faltering consumption.

Shanghai primarily contributed to the decline in overall stocks over the weekend, due to limited arrivals.
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