Date: Mar 7, 2018
The latest metal markets news and price moves to start the North American day on Tuesday March 6.
Here’s how LME prices looked at 11:45 London time:
Read our live futures report here.
“The rise in zinc stocks on the LME sent jitters through the zinc market and prices corrected accordingly. It is surprising so much stock had been held off market for so long given the price gains in recent quarters – the market will now remain nervous to see how much more is out there and whether it is released back to the market” William Adams, Metal Bulletin analyst said in his morning note.
In news, demand for flat steel will remain strong in Turkey through March and price increases are expected to continue because producers are fully booked until late May, market participants told Metal Bulletin this week.