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SMM Morning Review - 2012/2/21 Zinc Market
Feb 21,2012 08:57CST
smm insight
Source:SMM
SMM predicts SHFE three-month zinc contract prices will hover between RMB 15,500-15,800/mt today.

SHANGHAI, Feb. 21 (SMM) -- LME zinc prices tried to return to USD 2,000/mt during Asian trading hours yesterday, but later slipped. As markets were optimistic toward Greek debt restructuring talks, LME zinc prices rebounded last night, with prices finally closing up USD 31/mt, at USD 1,991/mt. 

SMM predicts SHFE three-month zinc contract prices will hover between RMB 15,500-15,800/mt today, while spot discounts will move between RMB 200-300/mt over SHFE three-month zinc contract prices.

 

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