LIVE FUTURES REPORT 04/06: Weak dollar, positive fundamentals push SHFE copper up by 0.4%
Copper outperformed its peers on the Shanghai Futures Exchange with an uptick of 0.4% during morning trading on Tuesday June 4, with a sharp fall in the dollar overnight providing support to the red metal.
Live Lead Zinc Tips
MCX Zinc Future Tips – Above 205 Target 212—216, Need Patience – Neal Bhai
MCX Zinc Future Tips – Above 205 Target 212—216, Need Patience – Neal Bhai
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Lead Above 140 Target 149—154, Buy on Dips – Base Metal
MCX Lead Above 140 Target 149—154, Buy on Dips – Base Metal Reports
MCX Aluminium Above 125 Target 138—142, Buy on Dips – MCX Tips – Rocking
MCX Zinc Price Below 186 Target 176—163 – Neal Bhai Reports
Gold Silver Reports (GSR) – MCX Zinc settled down 3.06% at 181.95 as pressure continues on an expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia, putting the brakes on an eye-watering price fall.
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME 1st Target Hit 2520 Low 2519, I Told You Sell and Sleep- Neal Bhai Reports
ZINC LME TIPS AND FORECAST : ZINC LME Tips and Forecast – Below 2566 Down Side Target 2520—2460 – Neal Bhai Reports
ZINC LME Tips and Forecast – Below 2566 Down Side Target 2520—2460 – Neal Bhai Reports
Some commodity traders have ramped up withdrawals of zinc from London Metal Exchange warehouses in recent months. However, the drawdowns may not be to fulfill customers’ spot demand, which is almost non-existent, multiple sources and traders told Fastmarkets. Zinc stocks in LME warehouses in Asia have dwindled to as little as 41,950 tonnes as of Monday September 29. This is the lowest level since April 2023.