Shanghai Zinc Tumbles as Libya Unrest Escalates
Reuters Africa reported that Shanghai zinc experienced its highest drop in three years.
Reuters Africa reported that Shanghai zinc experienced its highest drop in three years.
Zinc futures on Friday shot up by 1.22 per cent on the Multi Commodity Exchange, tracking steep surge in the metal prices at Shanghai amid covering-up of short positions by traders. For full story, click here
Zinc futures on Friday shot up by 1.22 per cent on the Multi Commodity Exchange, tracking steep surge in the metal prices at Shanghai amid covering-up of short positions by traders. For full story, click here
Shanghai zinc touched their 5 percent upside limit on Thursday, following LME gains on optimistism about China’s first quarter economic data due to be released shortly. For full story, click here
Zinc futures in Shanghai jumped by their 5 percent daily limit on Monday, chasing the rally in copper which is on its seventh consecutive session of gains. For full story, click here
Zinc opened at their four per cent upside limits on Thursday, chasing a huge rally in London. For full story, click here
Zinc which was up 6 per cent on early on Tuesday, gave up 3.2 per cent to $1,200. For full story, click here
Among the London Metal Exchange traded metals, zinc slumped 0.9 percent to $1,160. For full story, click here
Zinc futures fell in Shanghai, broadening limit-down losses of Monday as China’s financial markets reopened after seven days holiday break. Tim Mercer, chief investment officer of Hong Kong- based hedge fund Musashi Capital Ltd. said: Commodity prices may extend their declines into the second quarter of next year because global economic growth is slowing. For full [...]
Shanghai zinc bounced more than 2 percent, reversing some of Friday’s losses. However, analysts were quoted as saying: Prices could fall another 10 percent as demand growth softens and the dollar heads higher again. Click here for full story.
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