ZINC REPORT AS ON JULY 03, 2017

Zinc settled flat on profit booking but still prices ended with gains on weekly basis as supplies were still insufficient. China’s factories grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, though analysts expect a further slowdown in the world’s second-biggest economy is inevitable as Beijing cracks down on debt risks. Public Procurement Service (PPS) announced bid solicitation again on its website June 29 for 2,000 tonnes of zinc, which will end on June 4. Shipments are due on September 15, to Port of Busan. Zinc provided is required to be produced in the same country and registered on the LME. Japan’s Ministry of Finance reported June 29 the country’s zinc exports increased 1.4% year-on-year to 6,232,401 kg in May.