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SMM Morning Review - 2011/9/2 Zinc Market
Sep 2,2011 09:07CST
price review forecast
Source:SMM
LME zinc prices overnight inched down as of the morning session during Asian trading hours, dragged down by the rising US dollar index.

SHANGHAI, Sept. 2 (SMM)--LME zinc prices overnight inched down as of the morning session during Asian trading hours, dragged down by the rising US dollar index. As investors were cautious ahead of new US non-farm employment data, US stocks lost momentum after a rise of four consecutive days, with the Dow Jones Industrial Average ending down 1%. LME zinc prices overnight fluctuated between USD 2,220-2,230/mt, and finally closed at USD 2,236/mt, down USD 54/mt. SHFE three-month zinc contract prices should open slightly lower today, moving between RMB 17,150-17,450/mt, with spot discounts against SHFE 1110 zinc contract prices remaining between negative RMB 150-250/mt.
 

LME zinc prices

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