LIVE FUTURES REPORT 04/06: LME zinc price gains after 16% of total on-warrant stocks canceled

The London Metal Exchange zinc prices rose in morning trading on Tuesday June 6 after 15,050 tonnes of exchange stocks were canceled.

The cancellations, which will take metal out of Rotterdam warehouses, mean total LME on-warrant stocks are down by 16%. The spread between the LME’s cash and three-month prices remains in a steep backwardation of $142 per tonne. At $2,495 per tonne, the...


Archie Hunter

June 04, 2019

10:02 GMT