SMM Morning Review - 2012/5/3 Zinc Market

SMM Insight 10:03:02AM May 03, 2012 Source:SMM

SHANGHAI, May 3 (SMM) – HSBC released China's PMI rose but was still below 50, and LME zinc prices remained fluctuating between USD 2,040-2,050/mt. As the US dollar index rose due to weak data from Europe and the US, LME zinc prices plunged to close at USD 2,027/mt, down USD 27/mt. SHFE three-month zinc contract prices should open lower and move between RMB 15,500-15,700/mt today, with spot discounts narrowing between RMB 120-220/mt.

Key Words: LME zinc prices

Relative News

Price

1# Silver ingots(99.99%)

Sep.19

4309.0

-55.0

(-1.26%)

2# Silver ingots(99.95%)

Sep.19

4294.0

-55.0

(-1.26%)

3# Silver ingots(99.90%)

Sep.19

4279.0

-55.0

(-1.27%)

Gold(99.99%)

Sep.19

343.6

-1.3

(-0.38%)

Gold(99.95%)

Sep.19

343.2

-1.5

(-0.43%)

SMM Morning Review - 2012/5/3 Zinc Market

SMM Insight 10:03:02AM May 03, 2012 Source:SMM

Key Words: LME zinc prices