August 2012 | Steel Raw Materials
LME stocks continue to ease: Zinc Highlights
The stock drawdowns still appear more to do with metal moving between warehouses, rather than any pick-up in demand.
Despite the supply surplus and summer slowdown in the northern hemisphere, it is interesting that zinc stocks continue to edge lower. Indeed, there were no inflows last week, while at the same time outflows escalated to average 3,895 tpd compared with 2,580 tpd the week before. The...
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