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Bloomberg reported that zinc in London was up Sunday for the third day in a row following economic data indicating “improved demand prospects in China and the U.S.,” both of which are top industrial metals consumers.
Bloomberg reported that zinc in London was up Sunday for the third day in a row following economic data indicating “improved demand prospects in China and the U.S.,” both of which are top industrial metals consumers.
As quoted in the market news:
Zinc in London rose as much as 0.6 percent. China’s exports increased 11.6 percent from a year earlier, the customs administration said Nov. 8, more than the 10.6 percent median estimate in a Bloomberg News survey of economists. In the U.S., the jobless rate fell to 5.8 percent, the lowest in six years, official data showed last week. China’s factory-gate prices fell for the 32nd straight month, the National Bureau of Statistics said today.
Zinc for delivery in three months on the London Metal Exchange rose 0.3 percent to $2,251.25 a metric ton at 3:04 p.m. in Hong Kong.