SMM Morning Review - 2012/5/25 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/5/25 Zinc Market

SMM Insight 10:11:47AM May 25, 2012 Source:SMM

SHANGHAI, May 25 (SMM) – LME zinc prices overnight fell and dipped to USD 1,867/mt during Asian trading hours due to weak PMI in eurozone countries. As the number of US jobless claims for last week slid, and durable goods orders rose 0.2%, LME zinc prices rose and closed at USD 1,878/mt, up USD 7/mt.

SHFE three-month zinc contract prices should move between RMB 14,650-14,850/mt today, with spot discounts between RMB 30-60/mt.
 

Key Words:  LME zinc prices  

SMM Morning Review - 2012/5/25 Zinc Market

SMM Insight 10:11:47AM May 25, 2012 Source:SMM

SHANGHAI, May 25 (SMM) – LME zinc prices overnight fell and dipped to USD 1,867/mt during Asian trading hours due to weak PMI in eurozone countries. As the number of US jobless claims for last week slid, and durable goods orders rose 0.2%, LME zinc prices rose and closed at USD 1,878/mt, up USD 7/mt.

SHFE three-month zinc contract prices should move between RMB 14,650-14,850/mt today, with spot discounts between RMB 30-60/mt.
 

Key Words:  LME zinc prices