Zinc Settled Flat As Support Seen Amid Worries That Winter Production - Dollar Advisory | Best Commodity Tips Provider

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Friday 27 October 2017

Zinc Settled Flat As Support Seen Amid Worries That Winter Production

Zinc trading range for the day is 209.9-215.5.

Zinc settled flat as support seen amid worries that winter production cuts are tightening supplies of metals.

The premium of cash zinc over the three-month contract rose to $68.50, climbing back towards the 10-year high of $91 a tonne it hit two weeks ago.

This week LME Zinc inventories reduces from 2,825 tonnes to 266,145 tonnes, and current premiums of LME spot zinc keeps high level.

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