Moneycontrol
Apr 12, 2018 06:17 PM IST | Source: Moneycontrol.com

Commodities@Moneycontrol: LME Zinc prices fall to 4 month lows, but outlook positive

Watch Manisha Gupta's take on metal prices and the way forward for the commodity.

Manisha Gupta

Manisha Gupta

It was another volatile day for commodities with most of them continuing to trade weak.

Among the worst hit were Zinc prices with 4 percent decline each in Shanghai and Indian markets, and LME Zinc trading at 4-month lows. This is particularly interesting since Zinc prices were near 10-year highs in December 2017. Over the last quarter it has seen more declines than gains.

The long term outlook though, is still positive as the sector has remained under-invested and there could be supply concerns going forward.

Slow pickup Steel demand pickup has also had a ripple effect on other metals.

Watch Manisha Gupta share insights into the demand and supply situation and pricing outlook on the commodity.
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