LIVE FUTURES REPORT 10/07: LME base metals edge lower after short-lived rebound; zinc price falls 2.8%

Base metals on the London Metal Exchange ended predominantly lower on Tuesday July 10 amid mounting trade tensions.

After a small rebound at the close of trading yesterday, zinc prices fell 2.8% today while struggling against a tight fundamental backdrop. Zinc has fallen more than 17% in a month and is down nearly $1,000 per tonne from the 2018 high of $3,582 per tonne reached on February 15. “We envisage a short-term recovery in the LME zinc price but the upside momentum is likely to be limited,” Metal Bulletin Research analyst Andy Farida...


Hassan Butt

July 10, 2018

19:17 GMT