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SMM Morning Review - 2011/10/14 Zinc Market
Oct 14,2011 09:22CST
price review forecast
Source:SMM
LME zinc prices inched down as of the morning session, with prices dipping to USD 1,903/mt later the day and finally closing at USD 1,925/mt.

SHANGHAI, Oct. 14 (SMM) – China’s trade surplus continued to narrow in September, triggering concerns demand will weaken. The number of US jobless claims for the week ending October 8th only dropped 1,000, to 404,000, still at a high level. In this context, LME zinc prices inched down as of the morning session, with prices dipping to USD 1,903/mt later the day and finally closing at USD 1,925/mt, down USD 27.5/mt. The market is not expecting China’s CPI for September will hit a new high, so SHFE three-month zinc contract prices should move between RMB 15,000-15,300/mt today, with premiums within RMB 100/mt against SHFE 1112 zinc contract prices.
 

LME zinc prices

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