LIVE FUTURES REPORT 25/04: LME zinc falls 2.5%; Ali climbs; tin rebounds

Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment.

The metal recorded its widest intraday price move in a week, reaching a low of $3,129.50 per tonne.
   
Positive backdrops continue to support a potential uptrend for zinc however, with Metal Bulletin’s Andy Farida suggesting it would be down to a slowly improving technical configuration and macroeconomic backdrop. 

“We feel that the highly anticipated Chinese apparent demand after the Lunar New Year holiday could materialize in the second quarter and that may support the LME zinc price to rebound further,” Farida...

Published

Hassan Butt

April 25, 2018

18:00 GMT

London