Zinc Settled Flat Amid Falling LME Zinc Inventories And A Firm Backwardation

Zinc trading range for the day is 185.6-188.6.

Zinc settled flat amid falling LME zinc inventories and a firm backwardation, pointing to tightness in supply overseas.

The premium for LME cash zinc to the three-month contract stood at $37/mt.

Data showed that social inventories of refined zinc across Shanghai, Tianjin and Guangdong inched up over the weekend

Warehouse stock for Zinc at LME was at 61625mt that is down by -400mt.

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