Stock inflows cap prices around $2,400 per tonne The latest figures from the China Association of Automobile...
The return of risk sentiment helped bolster zinc prices last week as the three-month benchmark touched an eight-week high of $2,416 per tonne as Iran and the US dialled back their rhetoric, and amid expectations that a first phase US-China trade deal will be signed this week.
However, further price gains were capped by technical selling pressure as well the delivery of 1,500 tonnes of stocks into LME warehouses in Singapore, which negated last week’s outflows.
Our Chinese auto outlook more optimistic than CAAM
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