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SMM Morning Review - 2011/7/4 Zinc Market
Jul 4,2011 09:03CST
smm insight
Source:SMM

SHANGHAI, Jul. 4 (SMM)--Economic data released last Friday was mixed. China’s PMI for June was 50.9, while US PMI in June was 55.3, higher than the forecast 51.8. In this context, LME zinc prices surged to USD 2,391/mt then fell to close at USD 2,357/mt. SHFE 1109 zinc contract prices are expected to rise further but meet resistance at RMB 18,000/mt today.

 

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