Monday, September 20, 2021

Zinc Ingot Supply Likely to See a Surplus of 8,700 mt in Sep, Inventory Changes Worth Attention - SMM - Shanghai Metals Market

Last updated Monday, September 13, 2021 05:59 ET , Source: NewsService

Zinc stocks across LME-listed warehouses declined 9,325 mt to 226,900 mt last week. The contango of LME cash to 3-month contract rose to $14.5/mt. The market expects that the FOMC will not propose a gradual reduction in debt purchases in September due to sluggish US data and the spread of Delta virus. At the same time, the European Central Bank's speech is relatively optimistic, and the market holds a moderate outlook. LME zinc is expected to move between $3,030-3,110/mt.

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Read Full Story: https://news.metal.com/newscontent/101597014/zinc-ingot-supply-likely-to-see-a-surplus-of-8700-mt-in-sep-inventory-changes-worth-attention

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