SMM Morning Review - 2012/4/10 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/4/10 Zinc Market

SMM Insight 09:47:06AM Apr 10, 2012 Source:SMM

SHANGHAI, Apr. 10 (SMM) -- LME zinc prices opened below USD 2,000/mt in the morning session due to weak US non-farm payrolls, which may drag down SHFE zinc prices today. SMM predicts SHFE three-month zinc contract prices will fall to test RMB 15,500/mt, with prices expected to move between RMB 15,500-15,800/mt, while spot discounts will narrow slightly to RMB 200-300/mt.

 

Key Words:  zinc Zn  zinc price 

SMM Morning Review - 2012/4/10 Zinc Market

SMM Insight 09:47:06AM Apr 10, 2012 Source:SMM

SHANGHAI, Apr. 10 (SMM) -- LME zinc prices opened below USD 2,000/mt in the morning session due to weak US non-farm payrolls, which may drag down SHFE zinc prices today. SMM predicts SHFE three-month zinc contract prices will fall to test RMB 15,500/mt, with prices expected to move between RMB 15,500-15,800/mt, while spot discounts will narrow slightly to RMB 200-300/mt.

 

Key Words:  zinc Zn  zinc price