LIVE FUTURES 12/08: Zinc falls 1.7%, lead spreads remain backwardated

Most prices were down on the afternoon of Thursday August 12 on the London Metal Exchange, with zinc reporting the largest fall, while nickel's three-month price was the only metal to register a gain, of 1.6%.

The three-month price of zinc fell to $2,992.50 per tonne on Thursday after reaching $3,043.50 per tonne on Wednesday. 
Its cash-to-three month spread was last at a $8.25 per tonne contango, but forward spreads remain in a constant state of backwardation, with the three-month-to-five-year forward spread at a $156 per tonne backwardation.

"We have repeatedly highlighted the persistent...

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