Zinc rallied depite weak demand on Monday

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Source: Dukascopy Bank
Industry metals except from zinc continued a bearish trend on Monday as stronger US Dollar and cooling China's economy pulled the commodity group lower. Ongoing Euro Zone's debt concerns after surging Spain's cost of borrowing also pressured the base metals pack. Aluminium's downswing was limited as demand strengthened while copper was marginally lower despite stimulating increase in the US retail sales.  Red metal's production in Chile is expected to soar this year after falling by 3% in 2011 amid diminishing ore grades. Meanwhile zinc was the strongest metal in the group despite soft demand and weak global equities while nickel lost 4% along with disappointing manufacturing activity worldwide.


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