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June 2009 | Steel Raw Materials


Highest price levels since September: Zinc Highlights


Stock picture continues to deteriorate

LME prices and open interest jumped last week, signalling that new long positions were opened in zinc, thereby rejuvenating the metal, which had been in consolidation mode in the preceding few weeks. Official three-month prices extended their rally from the $1,450-1,600/tonne consolidation range to $1,703/tonne...

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