Zinc Prices Dropped As LME Prices Slipped By A Percent On Profit Booking

Zinc trading range for the day is 188.6-195. Zinc prices dropped as LME prices slipped by a percent on profit booking after prices supported earlier helped by Glencore's production cuts.

Glencore's steepest fall in output came in zinc which was down 24% in 2016 despite finishing the year with an 8% q/q rise to 304,900 tonnes.

The company has said capacity for zinc will stay shut until market conditions allow for extra supply without pushing down prices.
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