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Home / Metal News / SMM Morning Review – 2012/2/8 Zinc Market

SMM Morning Review – 2012/2/8 Zinc Market

iconFeb 8, 2012 09:07
SHFE three-month zinc prices are expected to hover between RMB 15,900-16,200/mt on Wednesday, with spot discounts to narrow slightly to RMB 250-350/mt.

SHANGHAI, Feb 8 (SMM) – From earlier Asian trading hours, LME zinc prices dropped, and extended the falling trend during European trading hours, down as low as USD 2,095/mt after sliding below USD 2,100/mt. Later, LME zinc prices erased some earlier losses at the tail of trading along with positive news from Greek debt negotiations. Finally, LME zinc prices closed at USD 2,121/mt, down USD 13/mt.

Now, market players are cautious as the final result of Greek debt negotiations remains unknown. SHFE three-month zinc prices are expected to hover between RMB 15,900-16,200/mt on Wednesday, with spot discounts to narrow slightly to RMB 250-350/mt.
 

SHFE three-month zinc prices
LME zinc market
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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