SHANGHAI, Aug. 10 (SMM)--LME zinc prices overnight edged up during Asian trading hours, with prices touching the intraday high USD 2,161/mt in the afternoon. Weighed down by the US dollar index, LME zinc prices fell to USD 2,110/mt. The US Federal Reserve announced it will maintain interest rates unchanged until 2013, holding LME zinc prices between USD 2,110-2,140/mt, with prices closing at USD 2,142/mt, up USD 52/mt. SHFE three-month zinc contract prices are expected to open high and moved higher, fluctuating between RMB 16,150-16,450/mt, and spot discounts will expand 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: firstname.lastname@example.org