Friday, 22 February 2019

Zinc Prices Slipped As The Dollar Firmed And Investors Cashed In Gains

Zinc trading range for the day is 189.1-195.1.

Zinc prices slipped as the dollar firmed and investors cashed in gains from a rally in the previous session fuelled by falling inventories.

U.S. President Donald Trump said talks with China in Washington were going well and suggested he was open to extending the deadline to complete negotiations.

The premium for cash zinc over the three-month LME contract rose to $26.50 as stocks in LME warehouses fell to their lowest since 2017 at 83,250 tonnes.

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