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SMM Morning Review - 2011/7/27 Zinc Market
Jul 27,2011 09:19CST
smm insight
Source:SMM
LME zinc prices overnight surged during Asian trading hours due to falling US dollar index, and broke through USD 2,500/mt at noon.

SHANGHAI, Jul. 27 (SMM)--LME zinc prices overnight surged during Asian trading hours due to falling US dollar index, and broke through USD 2,500/mt at noon. Consumer confidence index Conference Board in the U.S. rose to 59.5 in July, boosting risk appetite in the market. LME zinc prices overnight fluctuated between USD 2,500-2,520/mt, and finally closed at USD 2,524/mt, up USD 59/mt. SHFE 1110 zinc contract prices are expected to open higher and rise to RMB 19,000/mt today.

 

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