SMM Morning Review - 2012/3/26 Zinc Market

Mar 26, 2012 09:16

The US dollar index weakened as US house prices jumped to a 8-month high, despite dropping new home sales.

SHANGHAI, Mar. 26 (SMM) – The US dollar index weakened as US house prices jumped to a 8-month high, despite dropping new home sales, holding LME zinc prices firm between USD 2,000-2,020/mt, with prices closing at USD 2009/mt, up USD 14.5/mt. SHFE 1206 zinc contract prices should rise slightly to move between RMB 15,600-15,800/mt today, with spot discounts narrowing to RMB 250-350/mt.

LME zinc prices

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SMM Morning Review - 2012/3/26 Zinc Market

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