Zinc Canceled Warrants Triple After Suspension, Macquarie Says

LONDON, Aug. 9 -- Traders tripled orders to withdraw zinc from warehouses monitored by the London Metal Exchange, most of it in New Orleans, after a producer suspended supply contracts, Macquarie Group Ltd. said.

There are "supply worries" after a producer declared force majeure earlier this week, Macquarie said in a report dated Aug. 9. Metal booked to be withdrawn from LME-monitored warehouses climbed to 65,150 metric tons yesterday, from 20,775 tons the day before, according to the exchange.