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…
The International Lead and Zinc Study Group (ILZSG) reported that zinc prices saw a small increase of 0.16%, culminating in a closing price of 214.55. This increase was attributed to an increase in the global zinc market deficit. The information showed that in December 2023, there was a 62,600 metric tonne shortfall, up from 53,500…
With traders evaluating demand forecasts in China, the largest consumer, after the Lunar New Year break, zinc saw a loss of -1.71%, closing at 212.05. Reviving the housing market and stimulating loan demand are the overarching goals of China’s attempt to lower the benchmark reference rate for mortgages. Zinc concentrate production is planned to commence…
China, a major user of zinc, is experiencing a slowdown in demand and the economy, which is reflected in the current downward trend in zinc prices, as was demonstrated by yesterday’s 1.07% drop to settle at 207.6. Setbacks in the Russian zinc market, particularly the production delay at the Ozernoye mine as a result of…
Zinc saw a -1.08% drop, closing at 225.2, as news suggesting a slowdown in Chinese manufacturing activity put pressure on prices. The official NBS Manufacturing PMI for China increased somewhat to 49.2 in January 2024, but this is the fourth month in a row that factory activity has decreased due to issues like property fragility,…
Zinc prices fell -0.91% to settle at 228.45 in December as a result of China’s official PMI dropping to 49 from the previous month, which heightened expectations of further government support. With expectations of early interest rate reductions by major central banks and a more complete economic recovery in China, the world’s largest zinc consumer,…
As a result of increasing metal deliveries into London Metal Exchange (LME) warehouses, worries about oversupply caused zinc prices to drop by -0.84%, ultimately settling at 223.5. An abundance of zinc is a cause for concern as the total amount of zinc stored in LME warehouses hit their highest points since September 2021. The shortfall…
A weaker dollar and positive expectations for rising demand propelled zinc’s slight advance of 0.35%, which saw it settle at 227.95. With the central bank and financial authorities promising to provide funding and handle local government debt issues, Chinese officials gave the country’s real estate industry a boost. With a total debt of 92 trillion…
A slight increase of 0.11% in zinc prices was recorded as a result of mounting worries about supply interruptions. These worries have been raised by reports of a fire at the Russian Ozernoye mine project and by the recent halting of mining operations. A fire is said to have occurred at the Russian mine, which…
On expectations of stimulus measures from major metals customer China, zinc yesterday finished up by 0.61% at 215.7. In order to stimulate the economy, China is probably going to further reduce bank reserve requirements and interest rates in the second half of this year. Investors also predicted Beijing would introduce supporting measures shortly to boost…
