SMM Morning Review - 2012/3/9 Zinc Market

Mar 9, 2012 08:51

LME zinc prices overnight rose to close at USD 2,050/mt, up USD 40.3/mt.

SHANGHAI, Mar. 9 (SMM) – 80% of creditors said they would join the debt exchange plan, much higher than the minimum number needed to push the plan, and the market was expecting positive non-farm employment rate of the US. In this context, LME zinc prices overnight rose to close at USD 2,050/mt, up USD 40.3/mt. The market expects China's CPI to be released today will be under control. SHFE 1206 zinc contract prices should rise to move between RMB 15,750-15,950/mt today, with spot discounts narrowing to RMB 250-350/mt.

LME zinc prices

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SMM Morning Review - 2012/3/9 Zinc Market

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