The three-month zinc price is $4 lower at $2,866 per tonne.
Earlier this week it had looked set to test $2,985 – a
break above this level would have taken it to multi-year highs.
"Zinc has also caught a decent bid today with onshore buying
mopping up residual Western selling after what was a poor close
yesterday. The sentiment towards zinc has turned slightly
negative after a few sessions where demand has waned and CTA
programs have happily sat on the offer but after last year it
never feels that comfortable being short,"...