SHANGHAI, Aug. 5 (SMM) -- LME zinc prices overnight fluctuated between USD 2,380-2,390/mt during Asian trading hours. As the market was cautious ahead of new US non-farm employment data, US stocks closed with significant declines. The Dow Jones Industrial Average was down 513 to 11,384, with a drop of 4.31%. The Nasdaq Composite Index fell 137, to close at 2,556, down 5%. LME zinc prices edged down to USD 2,340/mt, below the 30-day moving average, and finally closed at USD 2,340/mt, down USD 57/mt. SHFE 1110 zinc contract prices are expected to open low and move lower today, fluctuating between RMB 17,800-18,100/mt, with spot discounts narrowing to negative RMB 250-350/mt.
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