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SMM Morning Review - 2011/12/26 Zinc Market
Dec 26,2011 09:45CST
smm insight
Source:SMM
LME zinc prices closed at USD 1,856/mt last Friday, down USD 4/mt.

SHANGHAI, Dec. 26 (SMM) – Orders for US durable goods jumped 3.8% in November, better than the forecast of 2.0%. US personal income was up 0.1% in November, lower than the forecast of 0.2%. Meanwhile, inventors left the market as Christmas Day neared. In this context, LME zinc prices closed at USD 1,856/mt last Friday, down USD 4/mt. Transactions on the LME were extremely quiet, with trading volumes decreasing by 462 lots to 5,998 lots, and with total position decreasing by 2,570 lots to 253,907 lots. SHFE 1203 zinc contract prices should move between RMB 14,700-14,900/mt today, with spot discounts expected to expand to negative RMB 100-200/mt. The market will be quiet as the New Year's Day nears.
 

LME zinc prices

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