SMM Weekly Forecast on China Zinc Metal Market-Shanghai Metals Market

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SMM Weekly Forecast on China Zinc Metal Market

SMM Insight 06:00:20PM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) -- Zinc prices fell sharply last week due to political instability in Greece, which will continue to dominate market confidence in the coming week. The US dollar index should move between 81-82. LME zinc prices should move between USD 1,880-1,920/mt, while SHFE three-month zinc contract prices should move between RMB 14,700-15,000/mt, with spot prices closer to SHFE zinc prices.

Key Words:  Zinc prices 

Price

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Silicon Metal East China (553#)
Sep.20
10550.0
-50.0
(-0.47%)
Silicon Metal East China (553# with Oxygen)
Sep.20
11300.0
-50.0
(-0.44%)
Silicon Metal East China (521#)
Sep.20
11550.0
0.0
(0.00%)
Silicon Metal East China (441#)
Sep.20
11500.0
0.0
(0.00%)
Silicon Metal East China (421#)
Sep.20
11700.0
0.0
(0.00%)

SMM Weekly Forecast on China Zinc Metal Market

SMM Insight 06:00:20PM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) -- Zinc prices fell sharply last week due to political instability in Greece, which will continue to dominate market confidence in the coming week. The US dollar index should move between 81-82. LME zinc prices should move between USD 1,880-1,920/mt, while SHFE three-month zinc contract prices should move between RMB 14,700-15,000/mt, with spot prices closer to SHFE zinc prices.

Key Words:  Zinc prices