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…
The prospect of increased demand from China caused short-covering, which resulted in a minor increase in zinc prices of 0.06%, closing at 271.7. This hope stems from the anticipated Third Plenum of the Communist Party, which is set for July 15–18 and is anticipated to cover economic policy and reforms. Rising by 1,500 metric tonnes…
China’s sharp decline in zinc concentrate imports during the first four months of the year had an impact on zinc, which finished yesterday at 259.9, down -0.12%. China’s imports of zinc concentrates decreased by 24% from the same time the previous year, which was a sharp reversal of the pattern observed in 2022 and 2023,…
With investor confidence in the market driven by predictions of strong demand growth and U.S. interest rate decreases zinc surged by 1.49% to settle at 265.2. Zinc prices were supported by encouraging signals from China, where imports and exports increased in April, indicating a recovery in both domestic and foreign demand. The market’s mood was…
Due to encouraging indicators in China’s trade data, which showed growth in both imports and exports in April, suggesting a resurgence in both domestic and international demand, zinc prices increased by 0.23% yesterday, closing at 258.5. Given that China is a major producer and consumer of zinc, this uptick in trade activity is encouraging for…
Zinc prices rose 0.35% to close at 217.7, boosted by a large decline in Chinese smelter output and a tight supply of zinc concentrate raw material following the holiday break. This caused several enterprises to postpone the resumption of production, resulting in a modest increase in domestic refined zinc production in March 2024. Despite the…
