Zinc Market Report May 2011

BEIJING (Asian Metal) 7 Jun 11 – Zinc market continued fluctuating in a low level in May.Asian Metal Copyright Later on, the price of zinc ingot obviously surged up, driven by the expectation of increase of Goldman Sachs.Asian Metal Copyright The price of zinc ingot turned to downward trend after the market stagnation in the end of April and the beginning of May, Players held a pessimistic attitude towards the future market, while buyers were not urgent to purchase.Asian Metal CopyrightBEIJING Asian Metal 7 Jun 11 – Zinc market continued fluctuating in a low level in May.Asian Metal Copyright At the same time, suppliers held out on selling as the price was underperforming.Asian Metal CopyrightBEIJING Asian Metal 7 Jun 11 – Zinc market continued fluctuating in a low level in May.Asian Metal Copyright Traders had to reduce sale volume since suppliers were reluctant to sell, so the market ran with a very slow activity.Asian Metal Copyright At the same time, suppliers held out on selling as the price was underperforming.Asian Metal Copyright However, the futures price of zinc fluctuated kept decreasing on Shanghai Futures Exchange, so most players just kept watching the market trend, and they expected that the zinc ingot market would head into another decreasing trend due to the tight monetary policy as Chinese Central Bank lifted the Required Reserve Ratio by 0.Asian Metal Copyright Although some remained cautious on trading, more and more participants were willingly to go back to the market for movement.Asian Metal Copyright5% since May 18, which hit the confidence of market participants.Asian Metal Copyright However, the futures price of zinc fluctuated kept decreasing on Shanghai Futures Exchange, so most players just kept watching the market trend, and they expected that the zinc ingot market would head into another decreasing trend due to the tight monetary policy as Chinese Central Bank lifted the Required Reserve Ratio by 0.Asian Metal Copyright In the middle of May, participants lost more confidence about trading and expected that the zinc ingot market was unlikely to pick up in the short-term as the price of zinc ingot fluctuated after the market stabilized for some time.Asian Metal Copyright Although some remained cautious on trading, more and more participants were willingly to go back to the market for movement.Asian Metal Copyright Later on, the price of zinc ingot obviously surged up, driven by the expectation of increase of Goldman Sachs.Asian Metal CopyrightBEIJING Asian Metal 7 Jun 11 – Zinc market continued fluctuating in a low level in May.Asian Metal Copyright Although some remained cautious on trading, more and more participants were willingly to go back to the market for movement.Asian Metal CopyrightBEIJING Asian Metal 7 Jun 11 – Zinc market continued fluctuating in a low level in May.Asian Metal Copyright Supplier inclined to conclude deals at a relatively high price at present as they worried about that the price would not continue increasing in the future.Asian Metal CopyrightBEIJING Asian Metal 7 Jun 11 – Zinc market continued fluctuating in a low level in May.Asian Metal Copyright