LME Zinc Trading at $2,040 per MT

Apr. 30, 2014 09:16AM PST

Investing.com reported that yesterday, three-month London Metal Exchange (LME) zinc ended the day at $2,055 per metric ton (MT), down $11 from the previous day’s close.

As quoted in the market news:

This morning at LME Zinc is seen trading marginally lower at $2040 down by $4 from its previous close. We also believe that the commodity may remain lower for the day along with other metals. Hence, we are suggesting selling the future contract on today’s trading session. Also, since the April contract is expiring today we suggest taking positions in the May contract from today onwards for trading the positions.

Click here to read the full Investing.com report.