Zinc market report in September 2011

Participants hoped to see a warmer market in the Golden September and Sliver October, especially after going through the dim activity in July and August as September is considered as a typical boom season for zinc industry; and after the plummet of zinc price, the expectation that the price may move up gradually in September prevailed in the market.Asian Metal CopyrightParticipants hoped to see a warmer market in the Golden September and Sliver October, especially after going through the dim activity in July and August as September is considered as a typical boom season for zinc industry; and after the plummet of zinc price, the expectation that the price may move up gradually in September prevailed in the market.Asian Metal Copyright However, on the contrary, the zinc price aggressively dropped throughout September as panic sentiments were trigged among investors owing to the worse European debt crisis.Asian Metal CopyrightParticipants hoped to see a warmer market in the Golden September and Sliver October, especially after going through the dim activity in July and August as September is considered as a typical boom season for zinc industry; and after the plummet of zinc price, the expectation that the price may move up gradually in September prevailed in the market.Asian Metal Copyright Meanwhile, the spot activity of zinc ingot remained dim and domestic zinc smelters kept low capacity utilization due to low price, raw material shortage and weak demand.Asian Metal Copyright However, on the contrary, the zinc price aggressively dropped throughout September as panic sentiments were trigged among investors owing to the worse European debt crisis.Asian Metal Copyright