SMM Morning Review - 2012/3/1 Zinc Market

Mar 1, 2012 09:23

LME zinc prices overnight edged up and touched USD 2,165/mt at a time as the growth of US GDP was 3.0% after revised.

SHANGHAI, Mar. 1 (SMM) – LME zinc prices overnight edged up and touched USD 2,165/mt at a time as the growth of US GDP was 3.0% after revised. But Bernanke’s statement caused the US dollar index to surge, pushing down LME zinc prices to close at USD 2,111/mt, down USD 7/mt. SHFE 1205 zinc contract prices should fall slightly to move between RMB 15,900-16,200/mt today, with spot discounts between RMB 300-400/mt.

LME zinc prices

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SMM Morning Review - 2012/3/1 Zinc Market

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