SMM Morning Review - 2012/3/7 Zinc Market

Mar 7, 2012 09:26

LME zinc prices overnight weakened during Asian trading hours.

SHANGHAI, Mar. 7 (SMM) – LME zinc prices overnight weakened during Asian trading hours, and further inched down to close at USD 2,013.3/mt on concerns over the result of Greek debt exchange plan, down USD 76.8/mt or 3.67%, rolling back previous gains in recent two weeks. Market concerns improved in response. SHFE 1205 zinc contract prices should move between RMB 15,400-15,700/mt today, with spot discounts narrowing to RMB 80-180/mt.

LME zinc prices

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SMM Morning Review - 2012/3/7 Zinc Market

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