SMM Morning Review - 2010/7/30 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/7/30 Zinc Market

SMM Insight 09:43:31AM Jul 30, 2010 Source:SMM

SHANGHAI, July 30 (SMM) -- The strengthening US stocks and better-than-expected US initial jobless claims last week helped drive up LME base metals prices, and LME zinc prices finally closed at USD 1,985/mt, with the highest prices reported at USD 2,005/mt, and LME zinc prices are expected to head for USD 2,000/mt in the near term. SHFE 1011 zinc contract prices will continue to consolidate around RMB 16,500/mt today following rising LME zinc prices, and spot market sentiment ahead of the weekend is expected to help support 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 - 2010/7/30 Zinc Market

SMM Insight 09:43:31AM Jul 30, 2010 Source:SMM

SHANGHAI, July 30 (SMM) -- The strengthening US stocks and better-than-expected US initial jobless claims last week helped drive up LME base metals prices, and LME zinc prices finally closed at USD 1,985/mt, with the highest prices reported at USD 2,005/mt, and LME zinc prices are expected to head for USD 2,000/mt in the near term. SHFE 1011 zinc contract prices will continue to consolidate around RMB 16,500/mt today following rising LME zinc prices, and spot market sentiment ahead of the weekend is expected to help support 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