Zinc: Still room on the upside

October 22, 2019 / www.metalbulletinresearch.com / Article Link

Overhead resistance emerges
LME zinc prices have remained supported over the past week by the 100-day moving average. However, for the time being at least, prices remains capped ahead of $2,500 per tonne, particularly after the latest Chinese economic data stoked concerns about weaker demand.

GDP grew 6% in Q3, slowing from 6.2% in Q2, and below the 6.1% forecast. That said industrial production rose to 5.8% in September, above the 5% forecast and 4.4% increase in August. Retail sales accelerated to 7.8% from 7.5% in August, but fixed-asset investment growth over January-September slowed slightly to 5.4% from 5.5% in...

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

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

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok