SMM Morning Review - 2010/7/21 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/21 Zinc Market

SMM Insight 09:59:53AM Jul 21, 2010 Source:SMM

SHANGHAI, July 21 (SMM) -- LME base metals prices closed with gains last night, and LME zinc prices jumped by 3% to USD 1,865/mt supported by fund buying, with prices breaking through all moving averages, and LME zinc prices are expected to continue to fluctuate around USD 1,850/mt in the near term.

SHFE 1010 zinc contract prices faced strong pressure at RMB 15,500/mt yesterday, and are expected to challenge this level today. If SHFE 1010 zinc contract prices lack upward momentum, prices are expected to move between RMB 15,200-15,500/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 

SMM Morning Review - 2010/7/21 Zinc Market

SMM Insight 09:59:53AM Jul 21, 2010 Source:SMM

SHANGHAI, July 21 (SMM) -- LME base metals prices closed with gains last night, and LME zinc prices jumped by 3% to USD 1,865/mt supported by fund buying, with prices breaking through all moving averages, and LME zinc prices are expected to continue to fluctuate around USD 1,850/mt in the near term.

SHFE 1010 zinc contract prices faced strong pressure at RMB 15,500/mt yesterday, and are expected to challenge this level today. If SHFE 1010 zinc contract prices lack upward momentum, prices are expected to move between RMB 15,200-15,500/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