SMM Morning Review - 2011/12/23 Zinc Market

Dec 23, 2011 09:33

LME zinc prices rallied to USD 1,880/mt, down USD 3.3/mt.

SHANGHAI, Dec. 23 (SMM) – The US Commerce Department announced that the seasonally adjusted number of jobless claims for the week ending December 17th decreased by 4,000, to 364,000, the first decline and the lowest since April 2008. In this context, LME zinc prices rallied to USD 1,880/mt, down USD 3.3/mt. LME inventories surged by 10,000 mt to 826,000 mt. SHFE 1203 zinc contract prices should move between RMB 14,750-14,950/mt today, with spot discounts between negative RMB 50-150/mt.

LME zinc prices

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SMM Morning Review - 2011/12/23 Zinc Market

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