Positive Trends In LME Zinc
By CommodityOnline | Commodities | Jan 16, 2014 10:29AM GMT |
--Zinc was marginally up by 0.7% in the yesterday's trading session at the LME platform.
--Even though the zinc stocks are declining for the last ten trading sessions, the positivism on the inventory front is being negated by the cancelled warrants which have been declining continuously since last two months.
--For the day we have a positive outlook on the commodity for the day as the latest data from ILZSG shows that the zinc demand outpaced supply by 30,400 tons reinforcing our medium term bullishness on the commodity.
Source: http://www.investing.com/analysis/positive-trends-in-lme-zinc-198966
Positive Trends In LME ZincBy CommodityOnline | Commodities |...
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