Seems to have been a large drop in the price of zinc overnight. The drop on Thursday ZFX price may well have support at around $17.50 however the zinc price may hit the panic button for some. My position is based on a 2 week sell price of around $19.00. The fact remains that inventories of zinc are at around 3 or so days. Demand is still high for the product as China and India develops. A fall in construction in the US was announced and may explain to some extent the fall in the price of copper. But will zinc go the same way? I doubt it.
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