At this week’s Fed meeting, a decision on further interest-rate rises is expected. Volumes traded over the day are moderately low, with fewer than 14,000 lots changing hands.
The three-month lead price fell almost 1% to close at its lowest since November 6 despite continued outflows from LME-listed warehouses - stocks remain at their lowest since 2009.
Similarly, a fall in three-month zinc comes amid a similar drop in LME inventories, which remain at their lowest since 2008.
Despite a tight fundamental backdrop, zinc’s three-month price continues to trade in a volatile range between $2,450 and $2,630...