Chinese zinc prices weaken on loose supply after holiday

After China's eight-day holiday for the Mid-Autumn Festival and National Day, Chinese zinc prices moved lower overall during October 7-11, mainly dragged by the growing supply against the ongoing dull demand, Mysteel Global noted.

As of October 11, China's average price of refined zinc ingot (at least 99.995%) was assessed by Mysteel at Yuan 21,672/tonne ($3,022/t) including the 13% VAT, lower by Yuan 318/t from September 28 – the last business day before the long holiday. In parallel, the most-traded zinc contract on the