Zinc Market Report November 2011

European debt crisis continued to worsen with degraded credit ratings of many countries and financial agencies in Euro zone and it spread to core countries.Asian Metal CopyrightEuropean debt crisis continued to worsen with degraded credit ratings of many countries and financial agencies in Euro zone and it spread to core countries.Asian Metal Copyright Investors wanted European leaders to find feasible solutions, but on the other hand, they were pessimistic about the outlook.Asian Metal Copyright Investors wanted European leaders to find feasible solutions, but on the other hand, they were pessimistic about the outlook.Asian Metal Copyright In addition, the manufacturing industries slowed down in Europe, US and China.Asian Metal Copyright Investors wanted European leaders to find feasible solutions, but on the other hand, they were pessimistic about the outlook.Asian Metal Copyright As a result, the global economy saw negative outlook.

In this context, global metal markets faced great pressure. Zinc price kept a stable trend this month and SHG zinc ingot price fluctuated narrowly around RMB15,000/t (USD2,370/t) in the Chinese spot market.Asian Metal Copyright In addition, the manufacturing industries slowed down in Europe, US and China.Asian Metal Copyright Trading kept weak and participants expected that the zinc market would not get warmer until next spring.Asian Metal Copyright In this context, global metal markets faced great pressure.Asian Metal Copyright