Zinc
Zinc trading range for the day is 167.2-173.8. Zinc prices continued its profit booking after prices rallying amid prospect of weighty infrastructure spending in China. Zinc stockpiles tracked by LME are near the lowest level since 2009 after mines depleted and miners scaled back production amid a price plunge. The optimism surrounding China is based largely on the ongoing infrastructure spending that is underway.
Zinc trading range for the day is 167.2-173.8. Zinc prices continued its profit booking after prices rallying amid prospect of weighty infrastructure spending in China. Zinc stockpiles tracked by LME are near the lowest level since 2009 after mines depleted and miners scaled back production amid a price plunge. The optimism surrounding China is based largely on the ongoing infrastructure spending that is underway.
