SMM Morning Review - 2010/7/19 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/19 Zinc Market

SMM Insight 09:26:09AM Jul 19, 2010 Source:SMM

SHANGHAI, July 19 (SMM) -- A drop in the US stocks weighed down base metals prices last Friday, and LME zinc prices fell below USD 1,800/mt, with the lowest prices reported at USD 1,780/mt, and finally prices ended at USD 1,785/mt. LME zinc prices mainly moved below daily moving averages, and are expected to fluctuate weakly around USD 1,800/mt in the short term.

SMM predicts SHFE 1010 zinc contract prices will likely fall below RMB 15,000/mt today amid weak LME zinc prices, with prices expected to move between RMB 14,800-15,000/mt.           

 

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None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  zinc price  zinc Zn 

SMM Morning Review - 2010/7/19 Zinc Market

SMM Insight 09:26:09AM Jul 19, 2010 Source:SMM

SHANGHAI, July 19 (SMM) -- A drop in the US stocks weighed down base metals prices last Friday, and LME zinc prices fell below USD 1,800/mt, with the lowest prices reported at USD 1,780/mt, and finally prices ended at USD 1,785/mt. LME zinc prices mainly moved below daily moving averages, and are expected to fluctuate weakly around USD 1,800/mt in the short term.

SMM predicts SHFE 1010 zinc contract prices will likely fall below RMB 15,000/mt today amid weak LME zinc prices, with prices expected to move between RMB 14,800-15,000/mt.           

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  zinc price  zinc Zn