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SMM Morning Review - 2011/10/12 Zinc Market
Oct 12,2011 09:45CST
price review forecast
Source:SMM
LME zinc prices inched down as of the midday, dipping to USD 1,880/mt.

SHANGHAI, Oct. 12 (SMM) – Due to concerns that the expansion plan of European bailout fund would fail, LME zinc prices inched down as of the midday, dipping to USD 1,880/mt, despite the US dollar index generally moved between 77.4-77.9. At the end of trading, LME zinc prices closed at USD 1,910/mt, down USD 39/mt. Slovakia voted down the expansion of European bailout fund after European trading hours. SHFE three-month zinc contract prices should open lower today, falling to RMB 15,000/mt, with spot prices RMB 0-50/mt lower or RMB 0-50/mt higher than SHFE 1112 zinc contract prices.
 

LME zinc prices

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