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Market confidence has been dented after the Moody’s cut the outlook for the credit rating of Germany. LME zinc may test USD 1,800/mt on Tuesday, with prices between USD 1,800-1,830/mt. SHFE 1211 zinc prices will try to find support at RMB 14,500/mt, with prices between RMB 14,450-14,600/mt, and spot discounts will range from RMB 30-70/mt.
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