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LME Zinc Is Seen Trading At $1973 Up By $5, Prices May Remain Lower

Published 04/03/2014, 04:17 AM
Updated 05/14/2017, 06:45 AM



3 month forward LME Zinc prices mostly remained in a tight range while it ended the day marginally lower at $1968 no change from its previous close. Precisely, there is no fresh development for this metal in the recent past hence prices are trading steady and moving in line with the market dynamics. This morning at LME Zinc is seen trading at $1973 up by $5 from its previous close. We believe it’s a mere change that is being noticed on the metal and as the day progresses possibly the commodity may remain muted to lower for the day. As stated in the lead section, zinc prices are though moderately declining but the trading volumes are a bit high at the MCX platform. This may be because of shifting f positions from March to April which indicates that the prices may remain lower for the day.

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