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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Zinc Dropped As Investors Locked In Gains Made Since The United States

Zinc trading range for the day is 177.5-181.1.

Zinc dropped as investors locked in gains made since the United States and China reached a preliminary trade deal earlier this month.

Treatment charges for zinc concentrate in China rose to $310 a tonne this month, the highest since June 2008, incentivising smelters to raise output.

The global zinc market moved to a surplus of 7,300 tonnes in October from a revised deficit of 21,100 tonnes in September.

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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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Zinc Trading Range For The Day Is 181.4-184.6

Zinc trading range for the day is 181.4-184.6.

Zinc prices gained as news of an US-China trade deal lifted sentiments and zinc inventories across LME-listed warehouses shrank 1.1%.

Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 118,100 mt.

China’s industrial output growth accelerated much more than expected to 6.2% in November from a year earlier, a five-month high.

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Zinc Trading Range For The Day Is 180.5-186.1

Zinc trading range for the day is 180.5-186.1.

Zinc dropped as the markets shuddered after US President Donald Trump warned the trade war with China could go beyond 2020 election.

Activity in China’s services sector, which accounts for more than half of China’s economy, accelerated to a seven-month high in November

US services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages

Warehouse stock for Zinc at LME was at 58675mt that is down by -125mt.

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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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Zinc Trading Range For The Day Is 194-196.6

Zinc trading range for the day is 194-196.6.

Zinc prices dropped as expectations of a sustained rebound in social inventories amid rising production kept investors pessimistic.

China’s monthly production of refined zinc hit a fresh record high October, as high margins encouraged smelters to step up operations.

Data showed that about 529,300 mt of refined zinc was produced across China last month, up 2.64% from September

Warehouse stock for Zinc at LME was at 53250mt that is up by 3150mt.

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Zinc Settled Flat Amid Falling LME Zinc Inventories And A Firm Backwardation

Zinc trading range for the day is 185.6-188.6.

Zinc settled flat amid falling LME zinc inventories and a firm backwardation, pointing to tightness in supply overseas.

The premium for LME cash zinc to the three-month contract stood at $37/mt.

Data showed that social inventories of refined zinc across Shanghai, Tianjin and Guangdong inched up over the weekend

Warehouse stock for Zinc at LME was at 61625mt that is down by -400mt.

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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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Zinc Prices Dropped After Top Consumer China Released A Slew Of Weak Economic Data

Zinc trading range for the day is 183.2-187.4.

Zinc prices dropped after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy.

China's zinc output rose by 18.9% year-on-year to 528,000 tonnes in August, data released by the National Bureau of Statistics showed.

Meanwhile, on-warrant LME inventories fell to the lowest since at least 1998, at 33,450 tonnes.

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Zinc Prices Ended With Gains As Investors Cheered Signs Of Progress In Resolving The U.S.

Zinc trading range for the day is 183.8-190.2.

Zinc prices ended with gains as investors cheered signs of progress in resolving the U.S.- China trade conflict.

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.

The country churned out 436,000 tonnes of zinc last month, which was also up 23.7% year-on-year

Warehouse stock for Zinc at LME was at 62550mt that is down by -400mt.

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Zinc Prices Dropped After The United States And China Agreed To Hold Further Trade

Zinc trading range for the day is 181.4-189.8.

Zinc prices dropped after the United States and China agreed to hold further trade talks to resolve a dispute that has weakened global growth.

Data showed that social inventories of refined zinc across Shanghai, Tianjin and Guangdong dropped 5,800 mt.

The net speculative long position on the LME reached 43% of open interest, the highest since September 2017 when it peaked at 47%.

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Zinc Prices Gained As Support Seen After Confirmation Of Talks Between U.S. And China

Zinc trading range for the day is 183.7-191.7.

Zinc prices gained as support seen after confirmation of talks between U.S. and China also aided sentiment.

Prices also rose as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit.

The US trade deficit narrowed less than expected in July as the US-China trade war drags on.

Warehouse stock for Zinc at LME was at 66600mt that is up by 425mt.

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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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Zinc Prices Dropped After Investors Remained Cautious About Lower LME

Zinc trading range for the day is 181.4-184.6.

Zinc prices dropped after investors remained cautious about lower LME zinc inventories amid a contango structure.

Growing expectations of higher stocks on poor consumption also depressed confidence.

Zinc social inventories across Shanghai, Tianjin and Guangdong inched up over the weekend, as shipments from Guangdong arrived in Shanghai.

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Zinc Aug Daily Chart Has Formed “Falling channel” Pattern

Zinc Aug daily chart has formed “Falling channel” pattern. The last few sessions ended up sideways in trend along with some corrections inside the channel.

The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 187.50. 

The downside rally could be testing all the way through 186-184 level in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test up to 194 level. 

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Zinc Prices Ended With Losses As Prices Seen Under Pressure Amid Global Economic

Zinc trading range for the day is 189.9-195.5.

Zinc prices ended with losses as prices seen under pressure amid global economic slowdown and trade uncertainties.

Departing shorts also accounted for the increases as limited arrivals of seaborne, domestic materials kept inventories at low.

China imported 56,800 mt of refined zinc in June, down 4.09% from a month ago but up 56.76% from a year ago.

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Zinc Prices Gains Helped By Data Showing China’s June Imports

Zinc trading range for the day is 189.5-197.5.

Zinc prices gains helped by data showing China’s June imports of refined zinc jumped

China's imports of refined zinc in June jumped 56.8% from the same time last year to 56,878 tonnes, official data showed.

The difference between cash and three-month zinc on the LME flipped to a premium, indicating a nearby supply shortage, while stockpiles in LME and ShFE held at low levels.

Warehouse stock for Zinc at LME was at 73675mt that is down by -2025mt.

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Zinc Ended With Losses As Data Showed The Global Zinc Market Deficit Narrowed In May

Zinc trading range for the day is 187-199.

Zinc ended with losses as data showed the global zinc market deficit narrowed in May.

The global zinc market deficit narrowed to 27,200 tonnes in May from an upwardly revised deficit of 87,500 tonnes in April.

Summer maintenance at some smelters and bargain-hunting purchases by downstream consumers deterred social inventories from sharply ramping up.

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Zinc Prices Fell After Data Showed A Global Zinc Market Deficit

Zinc trading range for the day is 193.1-195.9.

Zinc prices fell after data showed a global zinc market deficit narrowed in May.

The global zinc market deficit narrowed to 27,200 tonnes in May from an upwardly revised deficit of 87,500 tonnes in April

Zinc inventories in LME have risen around 60% since April when the stockpiles hit a record low, while stocks in ShFE have jumped 268% year-to-date.

Warehouse stock for Zinc at LME was at 80650mt that is down by -100mt.

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