Japan Official Zinc Price Rebounds after a Month

Mitsui Mining & Smelting announced on Friday the firm raised the official zinc ingot price by 17,000 yen to 467,000 yen per tonne for domestic shipment in July. The official price rebounded for the first time in a month to reflect the steady condition of overseas zinc market. The monthly average became to 463,800 yen.Zinc spot price at London Metal Exchange downed by US$ 29.5 to US$ 3,435.5 per tonne at settlement on Thursday from Wednesday. However, the market mood was stable as total thanks to the low level of world zinc inventory held by LME.