SMM Morning Review - 2011/1/9 Zinc Market

SMM Insight 09:46:07AM Jan 09, 2012 Source:SMM

SHANGHAI, Jan. 9 (SMM) – LME zinc prices moved steadily between USD 1,840-1,860/mt last Friday. The number of US non-farm employment increased by 200,000, higher than the expected 150,000, and unemployment data fell to a three-year low. But Fitch downgraded Hungary's credit rating to BB+, with the outlook negative. In this context, LME zinc prices closed with gains at USD 1,857/mt, up 17/mt. The market will remain cautious ahead of new economic data. SHFE 1203 zinc contract prices should move between RMB 14,550-14,850/mt today, with spot discounts between negative RMB 100-200/mt.
 

Key Words:  LME zinc prices  

SMM Morning Review - 2011/1/9 Zinc Market

SMM Insight 09:46:07AM Jan 09, 2012 Source:SMM

SHANGHAI, Jan. 9 (SMM) – LME zinc prices moved steadily between USD 1,840-1,860/mt last Friday. The number of US non-farm employment increased by 200,000, higher than the expected 150,000, and unemployment data fell to a three-year low. But Fitch downgraded Hungary's credit rating to BB+, with the outlook negative. In this context, LME zinc prices closed with gains at USD 1,857/mt, up 17/mt. The market will remain cautious ahead of new economic data. SHFE 1203 zinc contract prices should move between RMB 14,550-14,850/mt today, with spot discounts between negative RMB 100-200/mt.
 

Key Words:  LME zinc prices