May 2012 | Base Metals
Price still holding up better than we think they should: Zinc - Market Analysis
Warehousing games continue, but the stock overhang is huge and will only continue to grow as the market will remain in surplus both this year and next.
LME stocks edge higher, but focus falls on cancelled warrants
LME stocks climbed a net 2,800 tonnes last week, to reach 913,365 tonnes. Earlier on in the week stock flows were low, but they picked up on Friday when 1,250 tonnes left the system and 4,325 tonnes moved into Detroit and Johor. However, activity in cancelled warrants was elevated all week, with warrants being cancelled across...
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