Zinc's futures price showed the biggest fall among the base-metals complex at the close of trading on the London Metal Exchange on Thursday March 18, with consolidation in the complex continuing, while tin's price edged close to the $26,000 per tonne mark.
Zinc was trading at $2,792 per tonne at the 5pm close on Thursday after being above the $2,800 per tonne mark for the past week. Its closing price on Wednesday had been $2,827 per tonne, which was up by $17 per tonne day on day."While supply-side uncertainties continue to underpin [zinc] prices for the time being, the lack of a positive reaction to the dovish meeting yesterday [of the US Federal Reserve bank] suggests that the current phase of consolidation still has further to run, particularly because the short-term technical picture continues to...