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...

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