China's economic data showed a slight rebound in zinc prices
Last year, the United States announced a substantial decline in the number of claims for unemployment benefits, while Moody's downgraded Italy, LME zinc pressure down, but the city stopped in the Dow, driven by stabilization from the low. Affected by today's Shanghai zinc 1210 contract opened at 14660 points, a slight rebound in the morning. As of the morning closing, Shanghai zinc main 1210 contract, closing at 14765 points, Shanghai zinc index turnover in the doldrums, a slight increase in open interest.
US labor ministry (DOL) data released Thursday showed that last week the United States initial jobless claims fell significantly, significantly lower than expected, and hit the lowest level since March 2008. Data show that the United States on July 7 when the number of claims for unemployment benefits fell 2.6 million to 35 million, is expected to 372,000.
International credit rating agency Moody's Investors Service announced on the 12th cut Italy's long-term sovereign credit rating, from the previous A3 downgraded to Baa2, rating outlook remained negative.
China's gross domestic product (GDP) surged 7.6% year-on-year in the second quarter of 2012, down from 8.1% in the first quarter, while China's National Bureau of Statistics (NBS) data released on Friday (July 13) Quarterly increase in the new low. China's industrial added value in June rose 10.5% annual rate, is expected to rise 9.8%, the previous value rose 9.6%. In addition, June above-scale industrial added value rose 0.76% monthly rate, the previous value rose 0.89%. China's total retail sales of consumer goods in June rose 1.08%, an increase of 13.7%. China's first half of urban fixed asset investment rate is expected to rise by 20.4%. Specific data show that China's urban investment in fixed assets from January to June increased by 20.4%, is expected to rise 20.0%, the former value increased by 20.1%. In addition, the urban fixed asset investment in June rose 1.71% monthly rate, the previous value rose 1.15%.
US Department of Commerce data released Wednesday showed that the United States in May unprocessed, non-alloy zinc imports of 32,055,185 kg, compared with last month's 35,372,145 kg reduction of 9.4% over the same period last year 30,985,994 kg increase of 3.5%. From January to May this year, US imports totaled 168,119,321 kilograms.
Ministry of Commerce also announced that the United States in May unprocessed, non-alloy zinc exports to 2,029,398 kg, compared with 967,072 kg in April increased by 109.8%, compared with 2,840,500 kg in the same period last year decreased by 28.6%. Exports from January to May totaled 6,401,088 kg.
Shanghai spot zinc reported 0 # zinc 14550-14650 yuan / ton, up 50, premium 150 - premium 50 yuan / ton; 1 # zinc reported 14500-14600 yuan / ton, up 50, premium 200 - premium 100 Yuan / ton; morning after the closure of a zinc traders said: "Now although we all feel that zinc prices will not fall much space, but the goods are still more cautious, to our inquiry, although many, but the purchase volume are Not much, many are also on a single purchase, we reported 0 # zinc in 14,600 yuan / ton, the morning out of more than 300 tons. "Another zinc traders) said:" From the recent trend of Shanghai zinc, if Zinc prices and then Powei down, then the bottom of the space or be opened, and the current bad or has been gradually digested, unless there are new bad hit, otherwise the metal prices are difficult to fall sharply, and in the short-term bottom support and strong in the case of."
Morning China released a series of economic data in June, GDP growth in January 2009 a new low, but in line with expectations, Shanghai zinc prices but a slight rebound, but the overall rebound in the stage, empty a single can hold a small amount.