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.
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: email@example.com