Despite zinc outperforming the suite of base metals in 2016, “slight wrinkles” in the otherwise strong fundamentals for the metal will delay its price ascent beyond the $3 000/t mark before midyear, new analysis by BofA Merrill Lynch (BofAML) Global Research showed Thursday.
Analysts note that activity on China’s zinc market has not picked up following the Lunar New Year, compounded by a soft start to the year for the industrialising country’s refined zinc imports.
