Zinc market report in October

In October, European crisis continued to affect the global market.Asian Metal Copyright As G20 summit was held, most participants hoped that Euro zone leaders can come up with a practical solution.Asian Metal Copyright As investors were not optimistic about crisis solutions, sentiments in the global market became weaker and zinc prices sharply moved down further to the record low of the year in middle October.Asian Metal Copyright Therefore, zinc production in China remained at a low level.Asian Metal Copyright As G20 summit was held, most participants hoped that Euro zone leaders can come up with a practical solution.Asian Metal CopyrightIn October, European crisis continued to affect the global market.Asian Metal Copyright A package of solutions made in the summit released participants’ pessimistic sentiments and zinc prices rebounded a little in late October.Asian Metal Copyright As G20 summit was held, most participants hoped that Euro zone leaders can come up with a practical solution.Asian Metal Copyright Many smelters experienced great losses in Q3 due to the quoted low price, which cracked down the enthusiasm of the smelters on production.Asian Metal Copyright A package of solutions made in the summit released participants’ pessimistic sentiments and zinc prices rebounded a little in late October.Asian Metal Copyright Therefore, zinc production in China remained at a low level.Asian Metal Copyright As investors were not optimistic about crisis solutions, sentiments in the global market became weaker and zinc prices sharply moved down further to the record low of the year in middle October.Asian Metal Copyright