SMM Morning Review - 2011/9/28 Zinc Market

Sep 28, 2011 09:27

LME zinc prices overnight edged up as the US dollar index fell.

SHANGHAI, Sept. 28 (SMM)--LME zinc prices overnight edged up as the US dollar index fell. European leaders are planning to expand the scale of bailout for the area and adjust capital structure of the banking sector, bracing market confidence. LME zinc prices surged to USD 2,014/mt, and closed at USD 1,983/mt, up USD 98/mt. SHFE three-month zinc contract prices should move between RMB 15,100-15,400/mt today, with discounts against SHFE 1112 zinc contract prices expanding to negative RMB 50-100/mt.

LME zinc prices

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SMM Morning Review - 2011/9/28 Zinc Market

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