Description
The Closing Price of LME 3-Month Zinc Futures is published by the London Metal Exchange (LME). This indicator is used to gauge the market price of zinc for delivery in three months, serving as a benchmark for pricing in the zinc market. It is essential for producers, consumers, and investors to understand market trends and potential price movements. A higher closing price indicates stronger demand or reduced supply, while a lower price suggests weaker demand or increased supply.
The closing price is determined by the final trade price of the zinc futures contract for delivery in three months at the end of the trading day on the LME. It reflects the day's last transaction price.
The closing price is updated daily at the end of each trading day on the London Metal Exchange.