Zinc trading range
The day is 156.6-166.6.Zinc prices gained as support seen after update some Chinese zinc smelters will undertake maintenance cycle in June and will hurt zinc production. Zinc ingot inventories in Guangdong fell 6,200 tons to a record low of 26,000 this past week.Chinas refined zinc output was 407,000 tons in May, down 1.5% on the month and 10.4% year-on-year.
Nickel trading range
The day is 561.1-586.3.Nickel prices ended with gains helped by better Chinese trade data that showed imports and exports picked up in May.The global nickel market deficit is expected to narrow amid increased supply and reduced demand, resulting in lower nickel prices.Nickel production at major domestic smelters to hold largely stable in June, with output expected at 12,300-12,900 tons
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