Zinc Prices Slide as China’s Refined Zinc Output Jumps 2% in September
Zinc prices dropped on Friday following a 2% increase in China’s refined zinc output.
Rising China Output Weighs on Zinc Prices
China’s refined zinc production rose to 530,000 tonnes in September.
Expert Trading Tips and Analysis for Zinc, Gold, Silver, Crude Oil, and Natural Gas
- Zinc Trading Tips: Consider selling zinc futures on rallies.
- Gold Trading Tips: Monitor gold prices for potential buy opportunities.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Consider buying on dips.
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Key Market Data:
- Zinc prices fell 1.8% to $2,408/tonne
- China’s refined zinc output rose 2% to 530,000 tonnes
- Global zinc demand remains stable
Market Outlook:
The current market sentiment is bearish for zinc.
Technical Analysis: Zinc Prices
- Support levels: $2,350, $2,300
- Resistance levels: $2,450, $2,500
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