ZOID RESEARCH 19- MAY-2014 : ZINC

For the past two years, both zinc and lead have trended flat in a depressing period for commodities. It is very important for buyers to understand the current picture to be ready when buying opportunities finally show up. Zinc has remained between $2,200/t and $1,800/t for the past two and half years. Zinc is not showing real strength and we don’t see price risk in 2014. We recommend buyers not to worry about
normal market fluctuations and don’t go long until zinc breaks above key levels. Buyers might want to be hedged when zinc breaks above $2,200 per metric ton.

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