SHANGHAI, Jun. 28 (SMM)--The US dollar index overnight surged to 76, pushing down LME zinc prices to USD 2,223/mt. Later, the US dollar index fell, boosting LME zinc prices. Greek Congress discussed the austerity plan and French banks and insurance companies appealed to reinvest half the yields from Greek government bonds in the 30-year government bonds. In this context, the euro surged while the US dollar index plummeted to 75.2, pushing up LME zinc prices to USD 2,250/mt, with prices finally closing at USD 2,254/mt. Market players should be cautious before Wednesday when the poll result of Greek austerity plan comes out. SHFE 1109 zinc contract prices will likely move between RMB 17,200-17,500/mt, with spot discounts of RMB 200-250/mt against SHFE 1109 zinc contract prices.

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