Zinc Market Report February 2011

BEIJING（Asian Metal）9 Mar 11 – The price of zinc increased and then dropped in February.Asian Metal Copyright Sentiment in zinc market was boosted.Asian Metal Copyright Some smelters and end-users started the Spring Festival vacation at the end of January, so the market was quiet, and the price kept stable in the spot market early February.Asian Metal Copyright Suppliers held back from selling as the price dropped below participants’ expectation.Asian Metal Copyright Then the price fell into a downward trend at the end of holiday for the interest increase.Asian Metal Copyright Until the late part of February, zinc price gave back most gain which increased half a month ago.Asian Metal Copyright However, participants did not come back to the market, so the decline has not harmed the market.Asian Metal Copyright Meanwhile, those investors who covered their positions got back to the stocks and futures market.Asian Metal Copyright With more and more participants returned to the market after the Lanterns’ Festival, the trading was brisk.Asian Metal Copyright However, as the price was too high for buyers, trading became limited.Asian Metal Copyright Meanwhile, those investors who covered their positions got back to the stocks and futures market.Asian Metal Copyright However, as the price was too high for buyers, trading became limited.Asian Metal Copyright The capital fluency supported the growing of zinc price.Asian Metal Copyright With more and more participants returned to the market after the Lanterns’ Festival, the trading was brisk.Asian Metal Copyright Sentiment in zinc market was boosted.Asian Metal Copyright Then the price fell into a downward trend at the end of holiday for the interest increase.Asian Metal Copyright However, as the price was too high for buyers, trading became limited.Asian Metal CopyrightBEIJING（Asian Metal）9 Mar 11 – The price of zinc increased and then dropped in February.Asian Metal Copyright Zinc price began to decrease as investors made profits taking.Asian Metal Copyright However, as the price was too high for buyers, trading became limited.Asian Metal Copyright When zinc price started to drop, consumers were active in sending inquiries, but few deals were concluded for the dim expectation of future market.Asian Metal Copyright Sentiment in zinc market was boosted.Asian Metal Copyright Suppliers held back from selling as the price dropped below participants’ expectation.Asian Metal Copyright With more and more participants returned to the market after the Lanterns’ Festival, the trading was brisk.Asian Metal Copyright Until the late part of February, zinc price gave back most gain which increased half a month ago.Asian Metal Copyright Then the price fell into a downward trend at the end of holiday for the interest increase.Asian Metal Copyright The trading became dull.Asian Metal Copyright Some smelters and end-users started the Spring Festival vacation at the end of January, so the market was quiet, and the price kept stable in the spot market early February.Asian Metal Copyright