The three-month zinc price on the London Metal Exchange consolidated slightly higher during morning trading on Tuesday August 18, building on a rally at Monday's close, while tin futures remained subdued over the morning.
Zinc's outright price on the LME was recently trading at $2,470.50 per tonne, climbing by 0.8% from $2,442 per tonne at yesterday's close. Turnover was moderate at just over 3,700 lots exchanged by 10am London time. While LME zinc's forward curve continues to trade in contango, there were further fresh inflows at LME-registered warehouses this morning, with 5,825 tonnes delivered into warehouses in Kaohsiung and Singapore. Total on-warrant LME zinc stocks now stand at 210,725...