SMM Morning Review - 2011/12/19 Zinc Market

Dec 19, 2011 09:32

LME zinc prices fell slightly and closed at USD 1,867/mt, down USD 1.8/mt.

SHANGHAI, Dec. 19 (SMM) – The US dollar index moved around 80 last Friday. Fitch confirmed French AAA credit rating, with a negative outlook due to the debt crisis in the eurozone, and included Belgium, Spain, Italy and Ireland in the negative watch list. In this context, LME zinc prices fell slightly and closed at USD 1,867/mt, down USD 1.8/mt. SHFE 1203 zinc contract prices should rise to break through RMB 15,000/mt to move between RMB 14,700-15,000/mt, with discounts between negative RMB 50-100/mt.

LME zinc prices

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SMM Morning Review - 2011/12/19 Zinc Market

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