SMM Morning Review - 2012/2/21 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/2/21 Zinc Market

SMM Insight 08:57:38AM Feb 21, 2012 Source:SMM

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.

 

Key Words:  zinc Zn  zinc price 

Price

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1# Zinc
Apr.23
21850.0
-40.0
(-0.18%)
0# Zinc
Apr.23
21920.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.23
22820.0
-40.0
(-0.17%)

SMM Morning Review - 2012/2/21 Zinc Market

SMM Insight 08:57:38AM Feb 21, 2012 Source:SMM

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.

 

Key Words:  zinc Zn  zinc price