ZOID RESEARCH:ZINC

3 month forward Zinc prices at LME traded down by $16 on Monday and settled at $1966. Although Zinc stocks declined on Monday but believe that bearish bets on zinc that expire in two days on the London Metal Exchange may spur a jump in supplies delivered into warehouses tracked by the bourse. Secondary source: One company held at least 40 percent of the so-called short positions that mature this week as of March 13, based on exchange data. The open position is estimated at more than 16,286 contracts, or 407,150 metric tons, according to Societe Generale SA. That’s enough to meet more than four months of North America demand, data from Barclays Plc show. In this regard the commodity may remain under pressure.

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