MARKET TALK: LME Nickel, Zinc Selling Pressure To Ease

Selling pressure on embattled LME nickel, zinc should ease due to enduring strong fundamentals after both metals fall to 3-month lows overnight, says trader; "both market are still short on production and consumers should jump at the chance to buy at these levels." Still, nickel, zinc at forefront of selling pressure from expected index rebalancing this week. LME 3-month nickel last trades at $31,401/ton, up $1 on yesterday's PM kerb, zinc at $3,702/ton, down $18.