SMM Morning Review - 2012/2/27 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/2/27 Zinc Market

SMM Insight 10:20:51AM Feb 27, 2012 Source:SMM

SHANGHAI, Feb. 27 (SMM) – Greece started a write down plan of EUR 100 billion (USD 134.7 billion) last Friday, boosting market optimism. LME zinc prices surged to USD 2,086.5/mt and finally close at USD 2,077.5/mt, up USD 22.8/mt. SHFE 1205 zinc contract prices should rise to move between RMB 15,850-16,050/mt today, with spot discounts between RMB 350-450/mt.
 

Key Words:  LME zinc prices 

SMM Morning Review - 2012/2/27 Zinc Market

SMM Insight 10:20:51AM Feb 27, 2012 Source:SMM

SHANGHAI, Feb. 27 (SMM) – Greece started a write down plan of EUR 100 billion (USD 134.7 billion) last Friday, boosting market optimism. LME zinc prices surged to USD 2,086.5/mt and finally close at USD 2,077.5/mt, up USD 22.8/mt. SHFE 1205 zinc contract prices should rise to move between RMB 15,850-16,050/mt today, with spot discounts between RMB 350-450/mt.
 

Key Words:  LME zinc prices