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In the last week of July ****, prices for zinc ingot in China trended sharply down, from weak end-user demand during the summer lull but low usage amid current oversupplies. Prior to the ** drop in the last week of July ****, there were minor declines in mid-July **** and the week ending July **. The overall market exhibited these trends, aided by declining prices from the LME in London.

However, the market witnessed a temporary bullish surge in the week ending July **, when Zinc Ingot (FOB Tianjin) values climbed significantly from the previous week&#**;s level. This uptrend, which extended a **-week bullish streak for the moving average, was primarily driven by a production loss of *** tonnes at Inner Mongolia XingAn Copper and Zinc due to power rationing between July **鈥�**. This was coupled with a fall in zinc...