SMM Morning Review - 2010/7/23 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/23 Zinc Market

SMM Insight 09:39:37AM Jul 23, 2010 Source:SMM

SHANGHAI, July 23 (SMM) -- LME base metals prices moved higher led by LME copper prices on July 22nd, and LME zinc prices climbed to USD 1,925/mt, continuing to break a high in February. LME zinc prices are expected to fall slightly after closing with gains for four consecutive days, with the price range moving higher gradually.

SMM predicts SHFE zinc prices will stand steady at RMB 15,500/mt led by LME zinc prices, with prices expected to try to break through the previous resistance range of RMB 15,800-16,000/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 - 2010/7/23 Zinc Market

SMM Insight 09:39:37AM Jul 23, 2010 Source:SMM

SHANGHAI, July 23 (SMM) -- LME base metals prices moved higher led by LME copper prices on July 22nd, and LME zinc prices climbed to USD 1,925/mt, continuing to break a high in February. LME zinc prices are expected to fall slightly after closing with gains for four consecutive days, with the price range moving higher gradually.

SMM predicts SHFE zinc prices will stand steady at RMB 15,500/mt led by LME zinc prices, with prices expected to try to break through the previous resistance range of RMB 15,800-16,000/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