Tag: zinc trading analysis
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LME zinc slips w-o-w as prices retreat below $3,250/t; inventories extend decline
LME stocks drop nearly 2.5%; market consolidates after recent highs MCX zinc tracks global weakness; SHFE prices ease marginally London Metal Exchange (LME) zinc prices traded lower in the week ended 6 March, retreating from early-week strength as profit-taking weighed on the market. Continued drawdowns in exchange inventories provided some underlying support, although prices slipped…