ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118
Zinc ended with losses as concerns over China’s metal demand and weak US economic data reported weighed on prices.
Combined with worse-than-expected US retail sales in May, risk aversion increased, pushing down prices.
Zinc daily stocks at Shanghai exchange came up by 1503 tonnes.
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