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Wednesday, June 15, 2011

LME Has Reduced The Margin For Trading in Zinc

London Metal Exchange has reduced the margin for trading in zinc to $5,250 as against current requirement of $6,000. This supported prices initially but stocks increased by 11,800 tonnes thereby taking the total stocks to 865,825 tonnes.

Cancelled warrant ratio continues to remain at close to 1 percent of total stocks, one of the lowest among the base metal pack thereby stocks might continue to witness build-up in the near term.





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