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Zinc gained on expectations the closure and suspensions of big mines

Zinc gained on expectations the closure and suspensions of big mines

Zinc trading range for the day is 182.5-191.5. Zinc gained on expectations the closure and suspensions of big mines will create shortages. The ILZSG estimates that the refined zinc market was in a deficit of 286,000 tonnes in the whole of 2016 compared with a surplus of 189,000 tonnes in 2015.Combined zinc inventories in Shanghai, Tianjin and Guangdong decreased 9,600 to 277,100 tonnes this past week.

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