SMM Morning Review - 2010/7/20 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/20 Zinc Market

SMM Insight 10:03:20AM Jul 20, 2010 Source:SMM

SHANGHAI, July 20 (SMM) -- LME zinc prices fluctuated around USD 1,800/mt on Monday with the absence of additional economic news, with the highest level and lowest level at USD 1,825/mt and USD 1,785/mt, respectively, and finally prices ended at USD 1,810/mt, up USD 25/mt. Trading sentiment was bullish yesterday, but positions remained stable, an indication of a lack of clear market direction. Investors mainly made short-term deals, and LME zinc prices are expected to continue to fluctuate in a narrow band. SMM predicts SHFE 1010 zinc contract prices will continue to struggle at the RMB 15,000/mt mark today.            

 

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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 - 2010/7/20 Zinc Market

SMM Insight 10:03:20AM Jul 20, 2010 Source:SMM

SHANGHAI, July 20 (SMM) -- LME zinc prices fluctuated around USD 1,800/mt on Monday with the absence of additional economic news, with the highest level and lowest level at USD 1,825/mt and USD 1,785/mt, respectively, and finally prices ended at USD 1,810/mt, up USD 25/mt. Trading sentiment was bullish yesterday, but positions remained stable, an indication of a lack of clear market direction. Investors mainly made short-term deals, and LME zinc prices are expected to continue to fluctuate in a narrow band. SMM predicts SHFE 1010 zinc contract prices will continue to struggle at the RMB 15,000/mt mark today.            

 

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