LME Zinc Closes Lower on Bearish Sentiment; Inventories Drop 0.63% Amid Fed Rate Cut Uncertainty

Published: Sep 3, 2024 08:52

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[SMM Zinc Morning Commentary] London Metal Exchange zinc prices closed with a bearish candle overnight, with LME inventories decreasing by 1,550 tonnes to 243,225 tonnes, a drop of 0.63%. The market has trimmed expectations for the extent of the Fed's interest rate cut in September, and superimposed manufacturing data has aggravated concerns about the data...

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