The three-month zinc price was up $44 at the close to $2,278 per tonne. It has rebounded after hitting its lowest since September 2016 at the close on August 9.
LME zinc stocks totaled 75,975 tonnes on Monday, up slightly from a recent low of 73,125 tonnes but 41% of total stocks are booked for removal. Shrinking availability of zinc in the LME system is supporting the the three-month price rebound.
“The latest Commitment of Traders...
