china dumping zinc

It appears so...

I just opened up a short on ZFX at 18.40...

I think its going to correct over the next few days...

The inventory pendulum has definately swung back in favour of the bears short-term...

I counted Singapore w/h at 6,650t on 26.11 and to today stocks have grown by 3,875t to 10,525t in just over a week..

Gross stock declines have also slowed to a trickle...and today they are up +925t...to 85,750t from 87,550t which means however that 1800t have still come off the gross total...

Could be wrong but looks to me like a pause or retrace...primarily driven by Chinese dumping on Singapore and what I perceive as a temporary return to exporter status rather importer...

Jan will fix that...