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SMM Morning Review - 2012/3/13 Zinc Market
Mar 13,2012 09:17CST
smm insight
Source:SMM
SMM predicts SHFE three-month zinc contract prices may climb to RMB 15,650-15,950/mt today, while spot discounts will hover between RMB 300-400/mt.

SHANGHAI, Mar. 13 (SMM) -- Markets gradually absorbed the effect of positive US nonfarm employment data yesterday, and LME zinc prices slipped continuously to find support at the 5-day moving average during Asian trading hours, but later LME zinc prices were boosted by market buying, with prices finally closing at USD 2,077/mt, down USD 3/mt. 

SMM predicts SHFE three-month zinc contract prices may climb to RMB 15,650-15,950/mt today, while spot discounts will hover between RMB 300-400/mt against SHFE three-month zinc contract prices.

 

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