SMM Morning Review - 2012/4/20 Zinc Market

Apr 20, 2012 09:46

LME zinc prices fluctuated around USD 2,000/mt level, and closed at USD 2,000.5/mt, up USD 13/mt.

SHANGHAI, Apr. 20 (SMM) – Spanish government bond sales met expectations, but yields were standing high. The number of US jobless claims for last week was larger than expected, indicating slow recovery in the US employment market. As a result, LME zinc prices fluctuated around USD 2,000/mt level, and closed at USD 2,000.5/mt, up USD 13/mt. Due to mixed result of Spanish government bond auction, and since some investors will leave the market today, SHFE three-month zinc contract prices should move between RMB 15,400-15,550/mt today, with spot discounts between RMB 180-280/mt.

LME zinc prices

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SMM Morning Review - 2012/4/20 Zinc Market

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