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SMM Zinc Market Morning Review (2012/10/9)
Oct 9,2012 10:43CST
price review forecast
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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