Steel Products Prices North America
September 19, 2019
CRU: Zinc’s Refined Market Edges into Balance
Written by Tim Triplett
By CRU Senior Analyst Helen O’Cleary
August ended on a bearish note as weak economic data from the USA signaled that the U.S. economy had slipped into contraction territory and European manufacturing data confirmed ongoing contraction. These data, coupled with ongoing rmb weakness, heightened concerns over metal demand going forward and helped push zinc’s price to a 2019 low of $2,203.5/t in early September, a loss of $745/t from its year-to-date high in early April.
