SMM Morning Review - 2012/3/1 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/3/1 Zinc Market

SMM Insight 09:23:21AM Mar 01, 2012 Source:SMM

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.
 

Key Words:  LME zinc prices 

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

SMM Morning Review - 2012/3/1 Zinc Market

SMM Insight 09:23:21AM Mar 01, 2012 Source:SMM

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.
 

Key Words:  LME zinc prices