domum zinc vs other metals, page-10

re: domum zinc vs other metals.andrewe thanks for the reply domum.

dexter there is definitely less than 9-10 days supply. zfx qtrly says:
The zinc price continues to be supported by strong market fundamentals. LME
zinc stocks fell by more than 35 per cent to close the September quarter at
140,373 tonnes equating to just 4.6 days demand compared to 51 days at the end
of the corresponding quarter last year. Prices are being supported by continued
strong global demand for zinc, particularly from China, and a well documented
shortage of zinc mine capacity. In combination, tight supply and continuing strong
demand suggest a very positive outlook for zinc prices for the rest of the financial
year.
This calculates that a days use of zinc is 30.400 tonnes and therefore there is actually only 3.6 days left as of last night.
this is why i think any drop in price willbe seen as a buying opportunity and will support the current high prices. it is not likely to 'correct' as in the past.

cheers andrewe