SMM Morning Review - 2012/7/11 Zinc Market

Jul 11, 2012 10:36

LME zinc prices overnight rose slightly after opening and moved between USD 1,850-1,860/mt in the morning session.

SHANGHAI, Jul. 11 (SMM) – LME zinc prices overnight rose slightly after opening and moved between USD 1,850-1,860/mt in the morning session, and then dipped to USD 1,848.8/mt in the afternoon due to plunging SHFE zinc prices. As the US dollar index fell slightly, LME zinc prices rallied. Fitch confirmed of the AAA rating of the US, but with the outlook negative. As a result, LME zinc prices slumped to an intraday low at USD 1,831/mt, and rebounded slightly later in the day, with prices finally closing at USD 1,833/mt, down USD 22.3/mt, or 1.2%.

LME zinc prices should move between USD 1,830-1,850/mt today, and SHFE three-month zinc contract prices should move between RMB 14,550-14,700/mt, with spot discounts between RMB 70-90/mt.

zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Morning Review - 2012/7/11 Zinc Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON