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Tuesday, July 3, 2018 - 12:01:38 PM
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Mining News - The customs warehouses of China today have been released and show a figure of 161 thousand tons, a decrease of 23 per cent per month. This was due to a positive arbitrage over the course of June, which continued and continued yesterday (July 2nd).
A positive Zero Arbitrage in June caused zinc inventories in the official warehouses of the world, despite the small growth of inventories in London and Shanghai, a drop of 7.8% in June, reaching 491,000 tons, according to a report from the mine, quoted by Kamdomit channel. Good news.
The market is hopeful that the Chinese plan to reduce zinc production will be able to get better prices in the near future than in recent weeks.
Let`s be careful that the market is under the pressure of a trade war that, despite the extraordinary data above, has prevented the growth of prices from trading in recent days.
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