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Commodities corner: Steel construction demand in China slow

There has been so much volatility in metals space and we have been watching out for the overall global cues and the individual fundamentals as well and then there are import tariffs and geopolitical concerns and sanctions on Russia, so there is plenty happening which is impacting the metals as a space.
Zinc prices are still holding around 4-months lows. Steel construction demand in China has picked up on a very slow pace and that has pulled down all the steel ingredients with it.
Even with the kind of concerns that we have and with the kind of weak demand that we are looking at, you perhaps are looking at yet another 3-5 percent of a decline in case of the metal prices in the very near-term and that perhaps would be a level where you would see an opportunity buying and accumulation happening at lower levels.