SMM Zinc Price Forecast (Jul. 9-13)-Shanghai Metals Market

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SMM Zinc Price Forecast (Jul. 9-13)

Price Review & Forecast 05:44:22PM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) – Last week, leading central banks announced new stimulus polices, including a cut in interest rates by China’s central bank, which boosted market confidence but was also a sign that major economies remain sluggish. These stimulus measures should give support to zinc prices, but since demand has not improved, LME zinc prices should fluctuate next week between USD 1,850-1,890/mt and remain below USD 1,900/mt. SHFE three-month zinc contract prices should move between RMB 14,500-14,800/mt, with spot discounts narrowing to RMB 60-100/mt.
 

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#1 Tin Ingot
Aug.21
133000.0
750.0
(0.57%)
Solder Bar(63A)
Aug.21
97000.0
1000.0
(1.04%)
Solder Bar(60A)
Aug.21
93500.0
1000.0
(1.08%)
LF Solder
Aug.21
140000.0
1000.0
(0.72%)
Tin Powder
Aug.21
142.5
0.0
(0.00%)

SMM Zinc Price Forecast (Jul. 9-13)

Price Review & Forecast 05:44:22PM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) – Last week, leading central banks announced new stimulus polices, including a cut in interest rates by China’s central bank, which boosted market confidence but was also a sign that major economies remain sluggish. These stimulus measures should give support to zinc prices, but since demand has not improved, LME zinc prices should fluctuate next week between USD 1,850-1,890/mt and remain below USD 1,900/mt. SHFE three-month zinc contract prices should move between RMB 14,500-14,800/mt, with spot discounts narrowing to RMB 60-100/mt.