LIVE FUTURES REPORT 17/01: LME zinc price climbs above $2,400/t; tin pushes higher

The three-month zinc price on the London Metal Exchange rose by 1% during morning trading on Friday January 17, holding above the $2,400 per tonne mark after breaching the mark earlier in the week.

The outright LME zinc price was recently at $2,423 per tonne, while trading volumes were high at more than 2,100 lots exchanged as of 9:15am London time. Despite buying activity, the benchmark cash/three-month zinc spread continues to trade in a backwardation, recently at $20.25 per tonne. LME zinc is now the only metal across the complex trading in a cash premium, but its downward curve has done little to keep participants from trading futures. On-warrant zinc stocks remain low at 43,700...


Hassan Butt

January 17, 2020

10:15 GMT