Zinc: Rebound risks from oversold position

August 13, 2019 / www.metalbulletinresearch.com / Article Link

Zinc price extend to fresh lows
Zinc prices came under increasing downside pressure across the past week, reflecting risk-off sentiment across wider markets. The LME three-month price has extended to a fresh multi-month low of $2,230.50 per tonne on Monday, August 12, the lowest since October 2016.

Zinc demand may be set for seasonal up tick...

At the same time, however, stock flows support our view that the refined zinc market remains in a structural deficit, which we believe will persist across the remainder of this year. LME stocks total 75,975 tonnes as of Monday August 12, up...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.

Subscribe

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Linkedin