The global zinc market swung into a 10,900 tonne surplus in June from an upwardly revised deficit at 38,200 tonnes May, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first half of the year, the global deficit rose to 134,000 tonnes from 103,000 tonnes in the same period last year.
Lead / Zinc
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MCX Zinc Future Tips – Above 205 Target 212—216, Need Patience – Neal Bhai
MCX Zinc Future Tips – Above 205 Target 212—216, Need Patience – Neal Bhai
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Lead Above 140 Target 149—154, Buy on Dips – Base Metal
MCX Lead Above 140 Target 149—154, Buy on Dips – Base Metal Reports
MCX Aluminium Above 125 Target 138—142, Buy on Dips – MCX Tips – Rocking
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME TIPS AND FORECAST : ZINC LME Tips and Forecast – Below 2566 Down Side Target 2520—2460 – Neal Bhai Reports
ZINC LME Tips and Forecast – Below 2566 Down Side Target 2520—2460 – Neal Bhai Reports
Some commodity traders have ramped up withdrawals of zinc from London Metal Exchange warehouses in recent months. However, the drawdowns may not be to fulfill customers’ spot demand, which is almost non-existent, multiple sources and traders told Fastmarkets. Zinc stocks in LME warehouses in Asia have dwindled to as little as 41,950 tonnes as of Monday September 29. This is the lowest level since April 2023.