Zinc Trading Range For The Day Is 164.1-171.5

Zinc trading range for the day is 164.1-171.5.Zinc prices recovered on short covering after prices dropped earlier amid steadily increasing output from China.The global zinc market moved into a surplus of 19,800 tonnes in February from a deficit of 22,300 tonnes in January. ILZSG showed Chinese mine supply surged by nearly a fifth last year, helping to balance the big mine closures elsewhere, leaving total global mine production virtually flat.

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