Zinc Prices Gained As Support Seen On China’s Tough Environmental Stance

Zinc trading range for the day is 209.3-214.5.

Zinc prices gained as support seen on China’s tough environmental stance underpinned expectations of zinc shortages created by mine closures.

Zinc inventory in Shanghai, Tianjin and Guangdong stood at 130,500 mt as of now, down over 38% from this time last year due to falling supply.

Shorter supply of zinc ore and lower zinc prices have led smelters to go on maintenance, but downstream demand was rather stable.

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