re: zinc prices down on lme fri nite mookie11,
1. Pls read this thread on the zinc board and my post.
2. You say:
"Stockpiles dropped 1500 and the price went down 4% - that's not just demand slowing to me."
Aha but what 1500t. (actually 1475T) You need to look very closely at this number and understand that of that number 925T came from Cancelled warrants and that 550T came from on-warrant. Cancelled warrants is stock that is already sold and is moving out of LME warehouses. The on-warrant is the key number to watch and this has slowed dramatically in last week.
Cheers
John
revenue forecast for 2006 2007, page-7
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