LIVE FUTURES REPORT 25/05: Zinc, lead prices rise to defy broader LME downtrend

The three-month prices of zinc and lead were the only ones to rise on Tuesday May 25, while other futures contracts on the London Metal Exchange ended the day lower, with consolidation continuing in the base-metals complex.

The price of the galvanizing metal rose to $2,982.50 per tonne from Monday's 5pm price of $2,948.50 per tonne. One week earlier, zinc had reached its latest year-to-date high at $3,108.50 per tonne.
Zinc's total LME stock levels fell to 230,925 tonnes of available material on Tuesday. This was the lowest figure since January 25 and followed a 4,875-tonnes cancellation in Singapore on Tuesday. This itself followed an 8,300-tonne cancellation in the city state on May 19.

Meanwhile, on Tuesday's physical spot market, the zinc SHG, min 99.995% ingot premium,...

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