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Home / Metal News / SMM Morning Review - 2011/9/5 Zinc Market

SMM Morning Review - 2011/9/5 Zinc Market

Sep 5, 2011 09:20

Source:SMM

LME zinc prices overnight inched down due to stronger US dollar index, falling from the USD 2,200/mt mark.

SHANGHAI, Sept. 5 (SMM)--LME zinc prices overnight inched down due to stronger US dollar index, falling from the USD 2,200/mt mark. The number of US non-farm employment in August was close to July’s level, weighing down LME zinc prices to fluctuate around USD 2,200/mt, with prices finally closing at USD 2,195/mt, down USD 40/mt. SHFE three-month zinc contract prices should open slightly lower today, struggling around the RMB 17,000/mt level, and with discounts of negative RMB 50-150/mt against SHFE 1110 zinc contract prices.

LME zinc prices

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