Zinc Prices Soar as Raw Materials Squeeze Impacts Smelters
Zinc prices rose due to raw materials shortage.
Raw Materials Shortage Forces Smelters to Cut Production: Expert Insights
Zinc smelters reduced production amid raw materials squeeze.
Expert Trading Tips and Analysis for Zinc, Gold, Silver, Crude Oil, and Natural Gas
- Zinc Trading Tips: Buy zinc futures.
- Gold Trading Tips: Monitor gold prices.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Buy on dips.
- Crude Oil Trading Tips: Monitor oil supply.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Zinc prices rose 3% to $2,500/ton
- Chinese zinc imports increased 10%
- Global zinc production fell 2%
Market Outlook:
The current market sentiment is bullish for zinc.
Technical Analysis: Zinc Prices
- Support levels: $2,400, $2,350
- Resistance levels: $2,550, $2,600
Trading Strategies for Zinc Amid Raw Materials Volatility
Investors await supply chain updates.
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Additional Sections:
Impact of Raw Materials Squeeze on Zinc Markets
How to Trade Zinc and Other Base Metals Amid Uncertainty