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LME Zinc Fall, Closing At $2045.50/MT

ByCommodityOnline
Published 01/27/2014, 02:01 AM
Updated 05/14/2017, 06:45 AM



Zinc was also no exception either as the commodity broadly declined along with the other commodities at the LME platform, closing at $2045.50/MT.

Broadly zinc stock piles have been declining and continue to remain below 10, 00,000 Mt mark. Zinc stocks have been broadly declining since last two weeks. As per the latest data available at the LME designated warehouses zinc stocks declined by 62,550 MT during the last two weeks. However cancelled warrant for the commodity has declined from 546,600 MT to 367,550 MT which is the lowest levels witnessed in the last two months. The positivism on the inventory front is being negated by the cancelled warrant.

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