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Home / Metal News / SMM Zinc Market Morning Review (2012/10/9)

SMM Zinc Market Morning Review (2012/10/9)

Oct 9, 2012 10:43

Source:SMM

European debt problems plagued the market again.

SHANGHAI, Oct. 9 (SMM) – European debt problems plagued the market again. As the market concerned Spain is unwilling to officially apply for bailout, the euro weakened while the US dollar index continued to rise, pushing down LME zinc prices. Finally, LME zinc prices closed at USD 2,034/mt, down USD 40/mt or 1.93%.

LME zinc prices should move between USD 2,040-2,070/mt today, and SHFE 1301 zinc contract prices should move between RMB 15,400-15,600/mt, with spot discounts between RMB 270-300/mt.

LME zinc prices

SHFE zinc prices

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SHFE 1605 zinc contract prices opened at RMB 14,360/mt on Thursday evening and closed at RMB 14,395/mt, up RMB 100/mt.

Mar 3, 2016 20:17

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87% Chinese Investors Neutral toward Zinc, SMM Survey

SMM survey of 30 industry insiders finds that about 87% are neutral.

Mar 1, 2016 09:15

SMM Comments

SHFE Zinc to Test RMB 13,500/mt (2016-1-4)

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Jan 4, 2016 09:55

SMM Comments

33% Investors Expect Zinc to Climb, SMM Survey

zinc surged last Friday due to rumors that China’s State Reserve will build metal reserves, and remained high on Monday.

Dec 15, 2015 09:19

SMM Comments

40% Investors Bearish toward Zinc Prices, SMM Survey

LME zinc rallied above USD 1,600/mt level last week, but rolled back early gains and fell to USD 1,550/mt last Friday.

Dec 1, 2015 10:35

SMM Comments

LME Zinc to Move between USD 1,520-1,550/mt (2015-11-24)

LME zinc prices are expected to move between USD 1,520-1,550/mt today. SHFE 1601 zinc contract prices will hover between RMB 12,400-12,600/mt.

Nov 24, 2015 09:52

SMM Comments

SMM Zinc Market Morning Review (2015-11-13)

LME zinc prices opened at USD 1,622/mt on Thursday, and fell to USD 1,585.5/mt in Europe and US trade session, but rallied later on and closed at USD 1,611/mt, down USD 16/mt.

Nov 13, 2015 09:55

SMM Comments

SMM Zinc Market Morning Review (2015-11-12)

LME zinc prices opened at USD 1,607/mt on Wednesday, and fell to USD 1,553.5/mt, but rallied to USD 1,600/mt.

Nov 12, 2015 10:01

SMM Comments

SMM Zinc Market Morning Review (2015-11-11)

LME zinc prices opened at USD 1,643/mt on Tuesday, and fell to USD 1,576/mt, a new low since July 2009.

Nov 11, 2015 10:04

SMM Comments

SMM Zinc Market Morning Review (2015-10-30)

LME zinc prices opened at USD 1,736/mt on Thursday, then dropped to a low of RMB 1,702.5/mt, and closed at USD 1,704.5/mt, down USD 32.5/mt or 1.87%.

Oct 30, 2015 10:08

SMM Comments

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