Some commodity traders have ramped up withdrawals of zinc from London Metal Exchange warehouses in recent months. However, the drawdowns may not be to fulfill customers’ spot demand, which is almost non-existent, multiple sources and traders told Fastmarkets. Zinc stocks in LME warehouses in Asia have dwindled to as little as 41,950 tonnes as of Monday September 29. This is the lowest level since April 2023.
zinc
LME Zinc Made Falling Wedge Pattern Big Move On Chart Looks Near Terms
LME Zinc futures fell 1.7% to around $3,250 per tonne on January 16, retreating from a near three-year high reached on January 15, after Chinese regulators cracked down on high-frequency trading.
Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter
Gold Silver Reports (GSR) – Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter — Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.
Copper-Nickel-Aluminium-Zinc Under Short Covering
Gold Silver Reports — Copper MCX is getting support Key 380 and below same could see a test of 377 level, And resistance Key is now likely to be seen at 386, a move above could see prices testing 389.