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SMM Morning Review - 2012/2/16 Zinc Market
Feb 16,2012 09:25CST
smm insight
Source:SMM
LME zinc prices further plummeted to USD 2,004.3/mt, and rallied to close at USD 2,023/mt.

SHANGHAI, Feb. 16 (SMM) – The euro weakened against most other currencies, investors concerned whether the new bailout fund is enough to help resolve Greek debt problem, Eurogroup President said in a written statement that Greece was prepared for the EUR 130 billion of bailout loans, and eurozone finance ministers will make a decision about the bailout issue at the meeting to be held in Brussels next Monday. But the market was still cautious. In this context, LME zinc prices further plummeted to USD 2,004.3/mt, and rallied to close at USD 2,023/mt, down USD 17/mt. SHFE 1205 zinc contract prices should fall to move between RMB 15,700-16,000/mt today, with spot discounts between RMB 300-400/mt.
 

LME zinc prices

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