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SMM Morning Review - 2011/9/30 Zinc Market
Sep 30,2011 10:03CST
price review forecast
Source:SMM
The US dollar index weakened, driving up LME zinc prices to close at USD 1,924/mt, up USD 18/mt.

SHANGHAI, Sept. 30 (SMM) – LME base metal prices closed with gains yesterday due to improving market sentiment. German parliamentarians on Thursday approved the planned expansion of the European Financial Stability Facility (EFSF) and reform project, while the number of US jobless claims for the week ending September 24 fell to 391,000, compared to the forecast of 420,000. In this context, the US dollar index weakened, driving up LME zinc prices to close at USD 1,924/mt, up USD 18/mt. SHFE three-month zinc contract prices should open higher today, moving between RMB 14,400-14,700/mt. Spot prices should be RMB 0-50/mt lower or RMB 0-50/mt higher than SHFE 1112 zinc contract prices.
 

LME zinc prices

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