SMM Morning Review - 2010/7/27 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/27 Zinc Market

SMM Insight 10:04:29AM Jul 27, 2010 Source:SMM

SHANGHAI, July 27 (SMM) -- Positive US housing data stimulated LME base metals prices to close with gains on July 26th, but LME zinc prices grew at a slower pace compared with other base metals, with prices finally ending at USD 1,950/mt. Whether or not LME zinc prices can break through the USD 2,000/mt mark will depend on other base metals and financial markets. SMM predicts SHFE 1011 zinc contract prices will jump above RMB 16,000/mt today due to bullish LME zinc prices, with prices expected to challenge the previous high of RMB 16,500/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 - 2010/7/27 Zinc Market

SMM Insight 10:04:29AM Jul 27, 2010 Source:SMM

SHANGHAI, July 27 (SMM) -- Positive US housing data stimulated LME base metals prices to close with gains on July 26th, but LME zinc prices grew at a slower pace compared with other base metals, with prices finally ending at USD 1,950/mt. Whether or not LME zinc prices can break through the USD 2,000/mt mark will depend on other base metals and financial markets. SMM predicts SHFE 1011 zinc contract prices will jump above RMB 16,000/mt today due to bullish LME zinc prices, with prices expected to challenge the previous high of RMB 16,500/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