SHANGHAI, Feb. 13 (SMM) – Market concerns improved last Friday as finance ministers of the Euro zone did not approve the second bailout plan for Greece, while Standard & Poor's announced it would cut ratings of 34 financial institutions of which headquarters are located in Italy. As a result, investors left the market with profit-taking, pushing down LME zinc prices overnight below USD 2,100/mt, with prices finally closing at USD 2,090/mt, down USD 63/mt. Eurozone finance ministers passed the vote to the bailout plan for Greece on the morning of Monday, so SHFE three-month zinc contract prices should move between RMB 15,850-16,150/mt today, with spot discounts between RMB 300-400/mt.
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