Zinc: 2019 price forecast lowered

August 20, 2019 / www.metalbulletinresearch.com / Article Link

Rebounds capped by macro factors
Zinc prices are consolidating at the start of this week after stalling above $2,300 per tonne last week when economic data raised fresh concerns that the global economy was heading for recession, particularly in export-dominant economies such as China and Germany, while the US Treasury yield curve inverted once again.

More demand woes

Chinese authorities announced interest rate reforms over the weekend, aimed to guide borrowing costs lower for some sectors impacted by trade-war uncertainties. Although this is a step in the right direction to...

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