SMM Morning Review - 2011/9/19 Zinc Market

Sep 19, 2011 10:04

LME zinc prices edged up as of the midday, and touched an intraday high at USD 2,221/mt.

SHANGHAI, Sept. 19 (SMM)--LME base metal prices closed with declines last Friday. LME zinc prices edged up as of the midday, and touched an intraday high at USD 2,221/mt. Dragged down by concerns over European debt crisis, LME zinc prices fell to close at USD 2,162/mt, down USD 28.5/mt. SHFE three-month zinc contract prices should open lower today, moving between RMB 16,600-16,900/mt. Spot discounts should be between negative RMB 80-180/mt against SHFE 1111 zinc contract prices.

LME zinc prices

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SMM Morning Review - 2011/9/19 Zinc Market

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