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Shanghai Zn stockpiles are nearing Zero !!!! Zinc price must...

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24/11/14

10:05

Post #: 14340024
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Originally posted by Upmarket ↑

With zinc LME inventories closing the week at 676,225 and getting closer to that 650,000 level again, and with the recent China "game on"news - interest rate cut and all those rail projects on the way, we might see a little more price action in the weeks leading up to Christmas:

And if LME inventories keep heading south towards 600,000 we could certainly see $US1.10 per lb breached this year. Whether we'll see $1.20 as some analysts have forecast, remains to be seen.

Glad to be BIG on IBG

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Shanghai Zn stockpiles are nearing Zero !!!! Zinc price must spike up hard at any moment now ..... (See under Shanghai Zn inventory)

http://www.metalprices.com/p/ZincFreeChart#
2 Upvote

0 Great analysis

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