Zinc fell to a minimum for the year against the statistical data from China

The price of zinc fell to a minimum for the year on the back of concerns about the slowdown in the growth rate of China's economy. On Monday, during the bidding on the London Metal Exchange, its value fell by 2.7% to 2 thousand 507.5 dollars per ton. Since the beginning of the year, zinc has fallen in price by 24%. According to the State Statistical Office of the PRC, China's economy slowed to 6.7% in the second quarter after an increase of 6.8% quarter-on-quarter in the second quarter. According to analysts at Morgan Stanley, the trade war between China and the US can further slow down the growth of the Chinese economy in the near future. At LME on Monday, there was a decline in prices for all metals except aluminum.

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