Zinc Prices Rose As Falling Stockpiles And Rising Premiums

Zinc trading range for the day is 172.2-185.

Zinc prices rose as falling stockpiles and rising premiums for nearby metal highlighted a short-term supply squeeze, halting a slide to 10-week lows.

Despite expectations of a rise in supplies, current supply bottlenecks and stable demand across Chinese markets are likely to limit downside room.

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Zinc Prices Fell As Expectations Of Weaker Demand From Chinese Steel Mills

Zinc trading range for the day is 174.4-185.4.

Zinc prices fell as expectations of weaker demand from Chinese steel mills overpowered signs that the market is short of metal.

An expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia.

China's forced environmental cutbacks on zinc slag, and falling refined prices in the second quarter, prompted many smelters to cut production.



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Zinc Gained On Short Covering After Prices Dropped After Turbul

Zinc trading range for the day is 183.7-189.7.

Zinc gained on short covering after prices dropped after turbulent trade with U.S. stocks and global oil market tumbling amid concerns over global economic growth.

Pressure also seen on weaker Chinese automobile usage in October and a faster-thanexpected rise in mined zinc supply.

The premium of LME cash zinc over the three-month contract soared to $US97 a tonne, the highest since at least June 2009.

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Zinc Gained As The Market Refocused From The US Midterm Election Results

Zinc trading range for the day is 178.7-189.5.

Zinc gained as the market refocused from the US midterm election results to the declines in LME inventories.

Inventories in Shanghai, Guangdong and Tianjin came in at 135,900 mt as of Nov 5, down 14,800 mt from a week ago

China is ready to hold discussions and work with the United States to resolve trade disputes because the world's two largest economies stand to lose from confrontation.

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Zinc Dropped On Concerns Of A Slowdown In China

Zinc trading range for the day is 194.3-200.5.

Zinc dropped on concerns of a slowdown in China, which pledged to support illiquid private companies after third-quarter GDP growth slowed to 6.5 percent.

On-warrant zinc stocks in LME-registered warehouses, have fallen below 100,000 tonnes from almost 240,000 tonnes in August and are close to 10-year lows.

The premium for cash zinc over the three-month LME contract, at $47, remains close to Monday’s $63 one-year high, signalling tight nearby supply.

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Zinc Trading Range For The Day Is 193.8-201.6

Zinc trading range for the day is 193.8-201.6.

Zinc prices remained supported on shrinking inventories and smelter cuts in China despite of trade and inflation worries.

Demand for refined zinc will exceed supply by 322,000 tonnes this year, but the gap will narrow to 72,000 tonnes in 2019, industry data showed.

Resumption from maintenance raised output of refined zinc across Chinese smelters to 446,700 mt in September, up 6.7% from August.

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Zinc Prices Gained As Investors Shrugged Off An Escalation Of The U.S.-China Trade

Zinc trading range for the day is 167.8-174.2.

Zinc prices gained as investors shrugged off an escalation of the U.S.-China trade row.

The confidence of Americans in the US economy and their well-being rose towards the end of summer and stood near a 14-year high.

China’s total retail sales of consumer goods increased by 9% from a year earlier, beating a forecast of 8.8%, the National Bureau of Statistics said.

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Zinc Gains As A Subdued Greenback Aided Gains Offsetting Some Concerns Over

Zinc trading range for the day is 173.7-180.3.

Zinc gains as a subdued greenback aided gains offsetting some concerns over the threat of a ramp up in the U.S. China trade war

Resumption after maintenance raised output of refined zinc across Chinese smelters to 418,700 mt in August, up 2.52% from July, but down 6.11% from a year ago.

Total output in the first eight months of the year gained 0.66% on the year and stood at 3.52 million mt.

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