Zinc, The Worst Performer

Published 01/06/2014, 04:13 AM
Zink
Zinc was the worst performer at the LME platform down by 2.3%.

Even though the zinc stocks increased by 32,800 MT in the current week, the stocks have been broadly declining, indicating supply tightness in the commodity.

Even though we are recommending a sell on zinc, we are positive on the commodity over the medium-term perspective on the back of its positive fundamentals of demand and supply as it is one of the few commodities in a demand deficit.


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