SMM Morning Review - 2011/9/26 Zinc Market

Sep 26, 2011 09:36

Last Friday, as the US dollar index rose to 78, LME zinc prices dipped to a new low this year at USD 1,894/mt at noon, and then rallied to USD 1,900/mt.

SHANGHAI, Sept. 26 (SMM)--Last Friday, as the US dollar index rose to 78, LME zinc prices dipped to a new low this year at USD 1,894/mt at noon, and then rallied to USD 1,900/mt. Finally, LME zinc prices closed at USD 1,910/mt, down USD 82/mt. SHFE 1112 zinc contract prices should fall to RMB 15,000-15,300/mt today. Spot prices should be RMB 0-50/mt lower or RMB 0-50/mt higher than SHFE three-month zinc contract prices. Downstream buyers will increase purchases ahead of the National Day holiday.

LME zinc prices

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SMM Morning Review - 2011/9/26 Zinc Market

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