LIVE FUTURES REPORT 19/10: LME zinc price up 2.2% following strong Chinese economic data; Al down on 38kt re-warranting


Source: metalbulletin.com metalbulletin.com

Key Topics in this News Article:

News Snapshot:

The London Metal Exchange three-month zinc price was the standout performer during morning trading on Monday October 19, with the price rallying by more than 2% on positive Chinese economic data and strong buying momentum, while queue and logistics concerns at Port Klang, Malaysia, resulted in some 38,000 tonnes of aluminium being placed back on-warrant in the region. Published on October 19, 2020 09:03 AM By Hassan Butt Zinc’s outright price was subject to strong buying on Monday morning, recently trading some 2.2% higher at $2,485 per tonne, and up from Friday’s closing price of $2,436 per tonne. Turnover was...