Saturday read
LME Zi stock level of 900,000 broken down in Friday 21st Dec, a rare 5000+ drop in many years. Zi stock is now sitting at 894,825 (down 27% since Oct 13). That's 27% down in 3 months, that's after zinc stock coming in & going out average. If this is going down the way it is LME supply will be non existence by Sept-Oct 2014. Don't think many brokers know the severity of Zi depletion, they just know Zi level is predicted to go down.
As a result Zinc price went up to $0.9218 / Lb overnight.
zinc supply deficit graph, page-17
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0.2¢ |
Change
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Mkt cap ! $3.667M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $367 | 183.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 28474995 | 0.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6070354 | 9 |
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