LME WEEK 2020: Finance not physical demand driving zinc price rebound - Citi’s Leyton

摘要

Zinc’s post-March price rally has more to do with equities than diecasting or galvanizing demand, according to Citi head of commodities research Max Leyton. At $2,488 per tonne, the London Metal Exchange three-month zinc price has rebounded by over 41% since lows set in March this year. “It’s not being driven from the physical, it’s coming from the futures,” Leyton said at the LME’s virtual annual seminar on Monday October 19.