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…
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 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…
