SMM Morning Review - 2012/4/13 Zinc Market

Apr 13, 2012 09:32

LME zinc prices overnight continued to rose from USD 2,000/mt mark.

SHANGHAI, Apr. 13 (SMM) – LME zinc prices overnight continued to rose from USD 2,000/mt mark. As Italy issued EUR 2 billion of government bonds, and President of the US Federal Reserve caused speculations of stimulus policies, the US dollar index weakened while the euro rose. As a result, LME zinc prices surged to USD 2,048/mt, and closed at USD 2,036.3/mt, up USD 37.8/mt. SHFE three-month zinc contract prices should move between RMB 15,550-15,750/mt, with spot discounts expanding to RMB 250-350/mt.

LME zinc prices

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SMM Morning Review - 2012/4/13 Zinc Market

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