SMM Zinc Market Morning Review (2013-1-8)

Jan 8, 2013 09:36

LME zinc prices overnight opened lower at USD 2,049/mt, and fluctuated around USD 2,050/mt and touched USD 2,053/mt in the morning trading.

SHANGHAI, Jan. 8 (SMM) – LME zinc prices overnight opened lower at USD 2,049/mt, and fluctuated around USD 2,050/mt and touched USD 2,053/mt in the morning trading. But as short momentum mounted, LME zinc prices plunged to an intraday low of USD 2,015/mt. Eurozone Sentix CCI for January was -7.0, much better than the -16.8 the previous month, showing eurozone debt crisis eased sharply. Besides, the US dollar index plummeted to 80.3 due to dropping US stocks, so LME zinc prices gained back some losses and finally closed at USD 2,027/mt, down USD 16.5/mt. LME zinc inventories fell by 2,750 mt to 1,212,575 mt.

LME zinc prices should fluctuated between USD 2,010-2,040/mt today, and SHFE three-month zinc contract prices should move between RMB 15,350-15,550/mt, with spot discounts RMB 270-320/mt.

LME 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 Zinc Market Morning Review (2013-1-8)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON