SMM Morning Review - 2010/7/22 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/22 Zinc Market

SMM Insight 09:48:07AM Jul 22, 2010 Source:SMM

SHANGHAI, July 22 (SMM) -- LME zinc prices moved higher driven up by LME copper prices last night, with prices rising by 2.14% to USD 1,905/mt, hitting a record high since June 1st, 2010. The price range of LME zinc climbed gradually, intensifying the divergence of market views on future prices.

SHFE zinc prices are expected to head for the RMB 15,800/mt resistance level today led by LME zinc prices. Special focus should be put on the effect of spot market sentiment on SHFE zinc prices.            

 

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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 - 2010/7/22 Zinc Market

SMM Insight 09:48:07AM Jul 22, 2010 Source:SMM

SHANGHAI, July 22 (SMM) -- LME zinc prices moved higher driven up by LME copper prices last night, with prices rising by 2.14% to USD 1,905/mt, hitting a record high since June 1st, 2010. The price range of LME zinc climbed gradually, intensifying the divergence of market views on future prices.

SHFE zinc prices are expected to head for the RMB 15,800/mt resistance level today led by LME zinc prices. Special focus should be put on the effect of spot market sentiment on SHFE zinc prices.            

 

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