Price volatility jumps The latest Commitments of Traders data showed positioning among LME investment funds has become polarized; the tussle for dominance between speculative bulls and bears is likely reflected in the increased price volatility. Fund shorts jumped by 4,250 lots in the week to July 13 to reach a fresh 2018 high at 34,305 lots. Clearly bearish sentiment dominates, but that could give way...
Price action was extremely volatile last week. The LME three-month zinc price posted an intra-day range of $160 per tonne on Thursday, July 16, the largest since August 2017. Across the week, the price moved by an average of 4.5% per day, compared with 3.7% the previous week and by an average of 2.2% per day during June.
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