As LME stocks rise for the third day in a row, zinc prices fall.

Zinc prices fell by 0.34% to 288.95 due to rising stocks in LME warehouses, easing supply concerns. This has led to a reduced cash premium over three-month zinc contracts, indicating softer demand. Chinese economic data shows sluggish demand, with September’s industrial profits marking the steepest decline of the year. Production forecasts for global mined zinc…

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Zinc is experiencing a rise due to increased demand from China and a weaker dollar

Zinc prices rose by 0.89% at 266.95 due to improved demand in China and a weakening dollar, along with expectations of an imminent US interest rate cut. The decrease in zinc inventories in warehouses and higher energy costs, which account for a significant portion of zinc production expenses, also supported prices. Positive economic signals from…

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Zinc Benefits From Growing Belief That The World Economic Crisis Is Over

Zinc prices saw a small increase of 0.33% yesterday, closing at 243.5, driven by increased optimism in the world manufacturing sector amid signs that the manufacturing downturn may have peaked. The U.S. inflation statistics exceeded estimates for March, which delayed the expected date of a first-rate decrease from June to September, further supporting this optimistic…

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