Zinc prices dropped tracking weakness in LME prices driven by a further decline in global risk appetite, and mildly tighter financial conditions in China.
A fall in on-warrant inventories available to the market in LME-registered warehouses to 83,700 after 14,650 tonnes of fresh cancellations.
Worries about a tight LME market have been reinforced by a large position holding between 80 and 89 percent of zinc warrants and cash contracts.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
No comments:
Post a Comment