Zinc price to fluctuate sharply

Mining News -Consequently, the analysts suggested that investor stay a wait-and-see attitude temporarily, and also mind the opportunities of Shanghai zinc futures and London zinc futures transaction due to the China zinc ingot supply might be a shortage after Chinese New Year.

Moreover, there were other reasons that affected the zinc price. Although the inventory of China zinc ingots increased gradually, the worldwide zinc ingot inventory still kept at a low level compared to the same period of last year.

Meanwhile, the weak US Dollar Index affected the short-term zinc price as well. The international zinc price hit a new high to US$3,500/ton in ten years and then dropped from the peak.