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SMM Morning Review - 2011/10/27 Zinc Market
Oct 27,2011 09:57CST
price review forecast
Source:SMM
Boosted by LME copper prices, LME zinc prices overnight gained momentum to touch USD 1,899/mt at a time.

SHANGHAI, Oct. 27 (SMM) – Boosted by LME copper prices, LME zinc prices overnight gained momentum to touch USD 1,899/mt at a time. US new home sales hit a 5-month high, boosting market sentiment. As the German Parliament approved the EFSF Leverage Plan, and due to rumors that China will help solve European debt crisis, LME zinc prices moved between USD 1,850-1,890/mt, and finally closed at USD 1,870/mt, up USD 18/mt. SHFE three-month zinc contract prices should move between RMB 14,800-15,100/mt, with premiums between RMB 0-50/mt against SHFE 1201 zinc contract prices.
 

LME zinc prices

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