Macroscopically, the US Fed announced rate cut of 50 basis points.
According to an SMM survey, as of Thursday (September 19), total zinc ingot inventory in SMM's seven surveyed regions was 114,500 mt, down 3,100 mt from September 9, and up 1,100 mt from September 12.
According to the latest customs data, in August 2024, China’s imports of zinc concentrate amounted to 357,800 mt (physical content), down 4.68% MoM (17,600 mt in physical content) and down 16.42% YoY.