Tag: zinc
-
Zinc gains as China’s refined zinc output in August decreased 4.46% mom
[ad_1] Zinc recorded a modest gain of 0.54%, closing at 221.95. This increase was driven by a notable decline in China’s refined output in August, indicating potential supply constraints. China’s refined zinc output for August decreased by 24,600 metric tons or 4.46% compared to the previous month. In the U.S., data related to the service…
-
Zinc gains as China’s government promised to the stabilization of economy.
[ad_1] Zinc yesterday settled up by 0.47% at 223.5 as China’s government promised to consolidate the stabilization and recovery of the real estate market and boost the real estate industry. The World Bank has raised its expectations for China’s economic growth this year. Chinese Foreign Minister Wang Yi expressed willingness to strengthen strategic cooperation with…
-
Zinc gains lifted by hopes of more stimulus for China’s property sector.
[ad_1] Zinc yesterday settled up by 1.18% at 214.2 as the global market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first four months of 2023, ILZSG data showed a surplus of 137,000 metric tons,…
-
Zinc gains amid expectations China would undertake more stimulus measures
[ad_1] Zinc yesterday settled up by 1.18% at 214.2 as the global market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first four months of 2023, ILZSG data showed a surplus of 137,000 metric tons,…
-
Zinc gains on hopes of stimulus measures from top metals consumer China.
[ad_1] Zinc yesterday settled up by 1.73% at 214.4 on hopes of stimulus measures from top metals consumer China. China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy. Investors also hoped that Beijing would roll out supportive measures soon to bolster the…
-
Zinc dropped after China’s inflation data added to concerns over the recovery.
[ad_1] Zinc yesterday settled down by -2.16% at 230.6 after inflation data from the top consumer China added to concerns over the strength of the country’s economic recovery. China’s consumer prices rose at the slowest pace in more than two years in April, data showed. Producer deflation deepened last month, which taken together with the…
-
Zinc dropped as investors mulling over the future path of interest rates
[ad_1] Zinc yesterday settled down by -0.87% at 246.15 as investors mulled over the future path of interest rates. Markets continue to price in a 25bps increase in the fed funds rate next month while a cut is now mostly expected by the end of the year. New York Fed President Williams recently said inflation…
-
Zinc gains as power rationing in Yunnan still persists
[ad_1] Zinc yesterday settled up by 0.14% at 256.05 as power rationing in Yunnan persists as some enterprises in Wenshan have also received notices of power restriction. Chinese spot treatment charges for concentrate slipped from their highest in more than two years in March and will likely fall further on high smelter utilization rates and…