MARKET TALK: Zinc Sentiment Firmer, Holds Above 10-Day MA

LME zinc last at $3,220.15/ton, +15 cents on London PM kerb, untraded in Asia, holding above important 10-day moving average at $3,200 after gains overnight pushed metal above it, says BNP Paribas. Adds, significant physical buying from U.S. overnight strengthens sentiment, as does drawdown in LME stocks; zinc also drawing support from firmer base metal complex, better-than-expected EU Q4 GDP growth at 0.9%, which weakened USD, boosting commodity sentiment.