Zinc's weak fundamentals are finally catching up with prices, after being softened by a selloff sparked by concerns about the coronavirus outbreak in China.
London Metal Exchange 3-month zinc futures fell on Thursday January 30 to their lowest level since July 2016, trading at $2,182 per tonne, down by 10.5% since the market opened on January 22. Cash zinc prices on the bourse were down by 11.4% over the same period."We are the least bullish on zinc among the base metals complex," Xiao Fu,...