Japan Official Zinc Ingot Price Revised Down to 230,000 Yen/t

Mitsui Mining & Smelting announced on Friday the firm revised down the official zinc ingot price by 15,000 yen to 230,000 yen per tonne for domestic shipment in July. The monthly average would be 232,000 yen without any more revision within July.The revision reflected the decline of overseas zinc market. Zinc settlement price at London Metal Exchange was US$ 1,798 per tonne on 3 July, down by US$ 62.5 from the previous day. LME spot price continued decreasing to around US$ 1,750 in the afternoon trading on 3 July.