Tuesday, 31 July 2018

METALS-Zinc set for worst month since 2011 as China data disappoints

London Metal Exchange zinc prices fell for a second session on Tuesday, weighed down by a stronger dollar making metals more expensive for holders of other currencies, and after growth in China's manufacturing sector cooled for a second month. Zinc, used to galvanize steel, is down 11 percent so far in July, which would mark its steepest monthly drop since September 2011, amid fears of oversupply and that a Sino-U.S. trade war could hurt demand. FUNDA



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