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Zinc prices dropped as funds cut bets on higher prices

Zinc prices dropped as funds cut bets on higher prices

Zinc trading range for the day is 174.2-185.6. Zinc prices dropped as funds cut bets on higher prices as supply concerns faded. The market focus is on New Orleans, warehouses on-warrant stocks have dropped to 183,800 tonnes after a further 21,300 tonnes of cancellations. Zinc daily stocks at Shanghai exchange came down by 323 tonnes.

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