SHANGHAI, Dec. 7 (SMM) – Market sentiment during Asian trading hours was depressed by the S&P’s warning of a possible mass credit rating downgrade for euro zone nations, including
Markets are continuing to take a wait-and-see stance to wait for the development of the EU summit. Despite continuous declines, LME zinc prices are able to find a strong support at the low end, and SHFE 1202 zinc contract prices will likely fluctuate in the RMB 15,450-15,700/mt range. Traded prices of #0 zinc in domestic spot markets on Wednesday may be flat with levels on Tuesday, with discounts expected between negative RMB 50-100/mt, and transactions are expected to be generally made between RMB 15,550-15,650/mt.
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