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…
Zinc prices rose by 0.32% to 268.2, driven by reduced supply and seasonal demand. However, concerns about China’s demand recovery limited gains. Treatment charges for zinc concentrates have reached historical lows due to tight supply. China’s zinc output has been declining, with potential cuts potentially reducing annual output by 3-4%. The International Lead and Zinc…
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…
Due to a decline in the global zinc market surplus and other variables influencing supply and demand, zinc prices increased by 0.83% to settle at 273.75. According to data from the International Lead and Zinc Study Group (ILZSG), the excess in the global zinc market decreased from 66,800 tonnes in February to 52,300 metric tonnes…
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…
Fund purchases and worries about supply dynamics drove yesterday’s slight 0.22% increase in zinc prices, which ended at 247.5. According to data, refined zinc output increased by 4.57% month over month in China, indicating strong output levels. Even still, the production for January through March surpassed projections, highlighting the ongoing demand for zinc in China,…
Zinc prices fell -1.32% to settle at 247.05, with profit-booking operations driving the slide after earlier increases caused by fund purchasing and supply-side concerns. Refined zinc production increased in March, according to data from China, with a rise in output of 4.57% month over month to 525,500 mt. Despite this, the overall output from January…
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…
