Application for Designation of the Commodity Exchange, Inc. as a Contract Market for Trading in Zinc

by Council on Wage and Price Stability on June 28, 1977
by Council on Wage and Price Stability

The Council on Wage and Price Stability (Council) hereby submits its comments to the Comnodity Futures Trading Commission (Commission) concerning the application for designation of the Commodity Exchange, Inc. (Comex) New York, New York, as a contract market for the trading of zinc. If the application is approved, zinc futures would be traded on an organized exchange in the United States for the first time since 1971.

An active market in zinc futures existed between 1934 and the mid 1960’s. At that time, conditions in the industry which led to relatively stable zinc prices resulted in a decline in futures trading activity, and trading was suspended in October, 1971. More recently, according to Comex, market conditions have changed, resulting again in a need for a zinc futures market.

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