Zinc trading range for the day is 121.5-125.5.
Zinc settled flat as pressure seen on prices as a slump in imports rekindled
demand concerns on China, the world's biggest user.
Shipments of refined zinc into the Asian nation shrank 49 percent in April from a month earlier and were down 24 percent from a year ago, customs data
showed.
Goldman forecast global mine supply will drop 3.2 percent, as consumption
climbed 1.9 percent, triggering a deficit of 114,000 metric tons.
For more Accurate COMMODITY TIPS ✆ – 0731-6642300
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Zinc settled flat as pressure seen on prices as a slump in imports rekindled
demand concerns on China, the world's biggest user.
Shipments of refined zinc into the Asian nation shrank 49 percent in April from a month earlier and were down 24 percent from a year ago, customs data
showed.
Goldman forecast global mine supply will drop 3.2 percent, as consumption
climbed 1.9 percent, triggering a deficit of 114,000 metric tons.
For more Accurate COMMODITY TIPS ✆ – 0731-6642300
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