Zinc Market Report November 2011
2011-12-14 09:17:22 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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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. Investors wanted European leaders to find feasible solutions, but on the other hand, they were pessimistic about the outlook. In addition, the manufacturing industries slowed down in Europe, US and China. 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. Trading kept weak and participants expected that the zinc market would not get warmer until next spring.
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. Trading kept weak and participants expected that the zinc market would not get warmer until next spring.
