SMM Morning Review - 2012/5/3 Zinc Market-Shanghai Metals Market

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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 

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