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

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SMM Morning Review - 2012/6/6 Zinc Market

SMM Insight 10:01:33AM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – Major economic data from Europe and US released yesterday was poor, while negative news was reported from the G7 meeting, causing market concerns. LME zinc prices should fluctuate between USD 1,860-1,890/mt upon reopening, and SHFE three-month zinc contract prices should gave back gains and move between RMB 14,550-14,750/mt today, with discounts between RMB 30-80/mt.
 

Key Words:  zinc 

Price

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#1 Refined Cu
May.20
47795.0
-105.0
(-0.22%)
Standard-Grade Copper
May.20
47765.0
-105.0
(-0.22%)
High-Grade Copper
May.20
47825.0
-100.0
(-0.21%)
Guixi copper
May.20
47830.0
-110.0
(-0.23%)
Low-quality copper
May.20
47690.0
-115.0
(-0.24%)

SMM Morning Review - 2012/6/6 Zinc Market

SMM Insight 10:01:33AM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – Major economic data from Europe and US released yesterday was poor, while negative news was reported from the G7 meeting, causing market concerns. LME zinc prices should fluctuate between USD 1,860-1,890/mt upon reopening, and SHFE three-month zinc contract prices should gave back gains and move between RMB 14,550-14,750/mt today, with discounts between RMB 30-80/mt.
 

Key Words:  zinc