SMM Morning Review – 2012/6/5 Zinc Market -Shanghai Metals Market

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SMM Morning Review – 2012/6/5 Zinc Market

SMM Insight 10:10:04AM Jun 05, 2012 Source:SMM

Shanghai, Jun. 5 (SMM) – LME market will be closed on Tuesday for Queen's Diamond Jubilee holiday, and so SHFE zinc market will track movements in domestic stocks markets. SMM expects SHFE zinc prices to rally, with prices between RMB 14,550-14,650/mt. The selling interest in the spot market will be limited, with spot discounts at RMB 50/mt.
 

SMM Morning Review – 2012/6/5 Zinc Market

SMM Insight 10:10:04AM Jun 05, 2012 Source:SMM

Shanghai, Jun. 5 (SMM) – LME market will be closed on Tuesday for Queen's Diamond Jubilee holiday, and so SHFE zinc market will track movements in domestic stocks markets. SMM expects SHFE zinc prices to rally, with prices between RMB 14,550-14,650/mt. The selling interest in the spot market will be limited, with spot discounts at RMB 50/mt.