Zinc Dropped As Prices Face Strong Pressure From The US-China Trade Disputes - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 7 August 2018

Zinc Dropped As Prices Face Strong Pressure From The US-China Trade Disputes

Zinc trading range for the day is 175.6-181.8.

Zinc dropped as prices face strong pressure from the US-China trade disputes and a slowdown in Chinese economic growth.

China’s central bank said it would require banks to keep reserves equivalent to 20 percent of their clients’ foreign exchange forwards positions.

Social inventories of zinc in Shanghai, Guangdong, and Tianjin grew 11,600 mt from last Friday to 115,000 mt.

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