[email protected]: LME Zinc prices fall to 4 month lows, but outlook positive
It was another volatile day for commodities with most of them continuing to trade weak.
Among the worst hit were Zinc prices with 4 percent decline each in Shanghai and Indian markets, and LME Zinc trading at 4-month lows. This is particularly interesting since Zinc prices were near 10-year highs in December 2017. Over the last quarter it has seen more declines than gains.
The long term outlook though, is still positive as the sector has remained under-invested and there could be supply concerns going forward.
Slow pickup Steel demand pickup has also had a ripple effect on other metals.
Watch Manisha Gupta share insights into the demand and supply situation and pricing outlook on the commodity.