SMM Morning Review - 2012/2/9 Zinc Market

Feb 9, 2012 10:03

LME zinc prices overnight surged to touch an intraday high USD 2,150/mt.

SHANGHAI, Feb. 9 (SMM) – LME zinc prices overnight surged to touch an intraday high USD 2,150/mt. It is still obscure if Greek government can gain political support, while the government failed to reach any agreement with private creditors, causing market optimism to fade. In this context, LME zinc prices rolled back previous gains and finally closed at USD 2,120/mt, down USD 1/mt. China's major economic data is going to be released today, and SHFE three-month zinc contract prices should move between RMB 15,900-16,200/mt today, with spot discounts between RMB 320-420/mt.

LME zinc prices

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SMM Morning Review - 2012/2/9 Zinc Market

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