What is going on?
On the 6th March 2014 the LME warehouse level of Zinc was 753,700 tonnes and the price was $0.96 lb.
Today the LME level stands at 785,350 tonnes and the price is at $0.89 lb.
Obviously additional stock has been added to the LME during that period?
I only record these levels every few weeks so i have no idea when and how much was added to the LME stock?
Now we know why the zinc price has dropped from $0.96 to todays $0.89.
That could also be why the share price of IBG remains down?
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