SMM Zinc Market Morning Review (2013-3-13)

Mar 13, 2013 09:12

LME zinc prices overnight opened at USD 1,965.5/mt, and then briefly touched USD 1,984/mt.

SHANGHAI, Mar. 13 (SMM) – LME zinc prices overnight opened at USD 1,965.5/mt, and then briefly touched USD 1,984/mt. As Asian stocks closed with declines, LME zinc prices slumped to USD 1,959/mt. But since the US dollar index weakened, LME zinc prices broke through USD 2,000/mt, and touched USD 2,006.5/mt, and then inched down slightly at the end of the trading, with prices finally closing at USD 1,987.8/mt, up USD 24.3/mt or 1.24%. Trading volumes decreased by 5,037 lots to 11,706 lots, and total position decreased by 3,873 lots to 257,340 lots. LME zinc inventories grew by 1,875 mt, to 12,095,550 mt.

LME zinc prices should fluctuate between USD 1,975-2,005/mt today, and SHFE 1306 zinc contract prices should move between RMB 15,200-15,350/mt, with spot discounts against SHFE 1305 zinc contract prices between RMB 180-220/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 (2013-3-13)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025