Zinc prices dropped on profit booking after prices gained fuelled by surging prices for Chinese steel and a pick-up in manufacturing activities.
SHFE sheds stocks have been steadily declining, they stood at 165,295 tonnes, down from 207,163 tonnes at the start of the year.
Premiums for zinc in Shanghai bonded zones rose by $5 to $115-$125 last week, the first rise since May, signs of an expected tightening supply.
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