MYSTEEL: China's zinc price tumbles to 6-month low

ABSTRACT
China's national average price of zinc ingot (at least 99.995%) under Mysteel's assessment dropped by Yuan 976/tonne ($145.8/t) on week to hit a four-month low of Yuan 24,858/tonne including the 13% VAT as of June 24. The price continued to tumble over last weekend, falling by another Yuan 981/t to reach a six-month low of Yuan 23,877/t as of Monday June 27.

"Given the high levels of inflation prevailing in the USA, the Federal Reserve is widely expected to keep raising benchmark interest rates in the second half of the year, which may continue to suppress overall demand for commodities," said a market analyst based in Shanghai. "Against this background, last week