Another bump in the Zinc price could be coming. My bet is a cracking second half of the year for commodities prices thanks to a trade war resolution.
This from Goldman's
"Meanwhile, tightening physical supplies for crude oil to live cattle and zinc is creating positive carry for flipping over futures contracts at expiration. Zinc backwardation has steepened on sharp inventory drawdowns, even though prices have dropped recently” Goldman said.
NCZ Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held