LIVE FUTURES REPORT 09/01: Stock inflow tempers LME zinc under $2,400/t; Al consolidates

January 10, 2020 / www.metalbulletin.com / Article Link

The three-month zinc price on the London Metal Exchange had declined at the close of trading on Thursday January 9, dipping below nearby support levels after a fresh inflow of 1,500 tonnes into Singapore capped momentum gained earlier in the week.

Zinc's outright price on the LME closed at $2,377 per tonne this afternoon, dipping back below nearby resistance after reaching an intraday and two-month high of $2,416 per tonne, while volumes traded over the day were high with more than 10,000 lots exchanged by the close. The metal's upward price momentum was fueled, in part, by the steady decline in LME stocks, which remain low at 43,250 tonnes on-warrant. Including today's fresh...

Recent News

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok