Deficit Continues to Grow

摘要

Over the first 16 days of October, the zinc cash price remained relatively stable averaging US$3,310/t(US$1.50/lb). The price then fell to a monthly low of US$3,110/t (US$1.41/lb) as traders became cautious about arise in zinc stocks from 253kt to 272kt. The price then slowly rose to close the month at US$3,322/t (US$1.51/lb),3.6% higher than the September close.