LIVE FUTURES REPORT 28/09: LME zinc price rallies to 2.4% rise; tin continues recovery

The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Monday September 28, rallying during afternoon trading to push firmly above the $2,400-per-tonne threshold.

Tin, meanwhile, continued to recover after slipping below nearby support during the morning trading session. Zinc’s outright price on the LME closed at $2,432 per tonne on Monday afternoon, climbing from an intraday low of $2,370.50 per tonne, while turnover was moderate at more than 7,400 lots exchanged by the close. The galvanizing metal was subject to buying momentum over the afternoon, with the metal’s benchmark cash/three-month spread recently trading in a $10.60 per tonne contango, albeit narrowing from a $23 per tonne contango a fortnight ago. Prompting the higher price action, LME...

Published

Hassan Butt

September 28, 2020

17:35 GMT

London