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SMM Morning Review - 2011/7/21 Zinc Market
Jul 21,2011 09:21CST
smm insight
Source:SMM
LME zinc prices overnight inched down during Asian trading hours, fluctuating between USD 2,450-2,480/mt and finally closing at USD 2,457/mt,

SHANGHAI, Jul. 21 (SMM)--Euro zone leaders will craft a new Greek bailout on Thursday at a EU summit, meanwhile, the market was also cautious ahead of new China’s PMI for June. In this context, LME zinc prices overnight inched down during Asian trading hours, fluctuating between USD 2,450-2,480/mt and finally closing at USD 2,457/mt, down USD 28/mt. SHFE 1110 zinc contract prices are expected to fluctuate between RMB 18,400-18,700/mt today.

 

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