Zinc dropped on concerns about the hit to global growth and demand from trade disputes and political tensions, as well as a stronger dollar.
The premium of cash zinc over the three-month contract meanwhile plummeted to $3 from more than $50 a week ago, signalling greater availability of nearby metal.
But ongoing concerns over tight supply have been bolstered by data showing one entity controls 50-79 percent of LME zinc warrants.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
No comments:
Post a Comment