LIVE FUTURES REPORT 21/08: LME zinc price rallies despite low turnover; tin still on downtrend

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday August 21, gaining by 2.3% on low turnover, while a steady decline in tin futures continued to prompt market concerns.

Zinc futures began the day trading at around $2,230 per tonne before a strong bout of buying saw the metal close at $2,288.50 per tonne, its highest price since August 13. Volumes traded in the galvanizing metal this week have been moderately low, averaging around 6,000 lots exchanged each day, compared with an average of around 10,000 lots per day exchanged in the first week of August. Meanwhile, market participants dealing in zinc futures during the morning...

Published

Hassan Butt

August 21, 2019

18:38 GMT

London