SMM Morning Review - 2012/1/16 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/1/16 Zinc Market

SMM Insight 09:17:56AM Jan 16, 2012 Source:SMM

SHANGHAI, Jan. 16 (SMM) – LME zinc prices fell slightly last Friday after a rise of four consecutive days. Standard & Poor's downgraded credit ratings of nine eurozone countries, cutting AAA rating of France and Austria. As a result, LME zinc prices finally closed at USD 1,958.3/mt, down USD 9.5/mt. Trading volumes decreased by 1,674 lots to 10,707 lots, and total position increased by 1,427 lots to 268,741 lots. SHFE 1204 zinc contract prices should move between RMB 14,750-15,050/mt today, with spot discounts between negative RMB 100-200/mt.
 

Key Words:  LME zinc prices 

SMM Morning Review - 2012/1/16 Zinc Market

SMM Insight 09:17:56AM Jan 16, 2012 Source:SMM

SHANGHAI, Jan. 16 (SMM) – LME zinc prices fell slightly last Friday after a rise of four consecutive days. Standard & Poor's downgraded credit ratings of nine eurozone countries, cutting AAA rating of France and Austria. As a result, LME zinc prices finally closed at USD 1,958.3/mt, down USD 9.5/mt. Trading volumes decreased by 1,674 lots to 10,707 lots, and total position increased by 1,427 lots to 268,741 lots. SHFE 1204 zinc contract prices should move between RMB 14,750-15,050/mt today, with spot discounts between negative RMB 100-200/mt.
 

Key Words:  LME zinc prices