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Wednesday, February 14, 2007

Metals

0923 GMT [Dow Jones] The base metals are well supported Wednesday due to light follow-through buying from Tuesday and a lack of major selling overnight in Asia, says LME trader. "The fact that prices have not come off indicate that the market is steadier than previously thought," says trader. Zinc trades at $3,230 a metric ton, up roughly 0.3% from Tuesday triggered by a drawdown in stocks by 625 metric tons to 97,075 tons. Lead trades at $1,700/ton, up roughly 1.5% from Tuesday as lead stocks decline by 875 tons to 35,000 tons. (LYT)

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