SMM Morning Review - 2012/2/6 Zinc Market

SMM Insight 09:21:33AM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) -- LME zinc prices moved around USD 2,100/mt during Asian trading hours last Friday. Data shows that US unemployment rate in January was below expectations, non-farm payrolls in January increased by 243,000, also beating expectations. In response, LME zinc prices climbed to USD 2,154/mt and finally closed at USD 2,137/mt, up USD 50.3/mt or 2.41%.

SMM predicts SHFE three-month zinc contract prices may open higher to move between RMB 15,950-16,250/mt today given positive US non-farm payrolls, while spot discounts may expand further to RMB 350-450/mt over SHFE three-month zinc contract prices. 

 

Key Words:  zinc Zn  zinc price 

SMM Morning Review - 2012/2/6 Zinc Market

SMM Insight 09:21:33AM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) -- LME zinc prices moved around USD 2,100/mt during Asian trading hours last Friday. Data shows that US unemployment rate in January was below expectations, non-farm payrolls in January increased by 243,000, also beating expectations. In response, LME zinc prices climbed to USD 2,154/mt and finally closed at USD 2,137/mt, up USD 50.3/mt or 2.41%.

SMM predicts SHFE three-month zinc contract prices may open higher to move between RMB 15,950-16,250/mt today given positive US non-farm payrolls, while spot discounts may expand further to RMB 350-450/mt over SHFE three-month zinc contract prices. 

 

Key Words:  zinc Zn  zinc price