Zinc Gained As Support Seen After Glencore Lowered - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 31 October 2017

Zinc Gained As Support Seen After Glencore Lowered

Zinc trading range for the day is 209.7-214.1.

Zinc gained as support seen after Glencore lowered its production forecast for zinc citing operational difficulties, maintenance and end-of-mine-life declines.

China’s refined zinc import is 77,198 tonnes in September, rising 368.26% on yearly basis and 17.7% on monthly basis.

In the week, week LME Zinc inventories reduces from 2,825 tonnes to 266,145 tonnes, and current premiums of LME spot zinc keeps high level.

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