September 3, the zinc price early assessment restrict Shanghai zinc rebound kinetic energy: China PMI data to new lows

Futures market:
Global central bank governors meeting on Friday evening, Bernanke said the U.S. economic outlook, dissatisfaction, and reiterated that the Fed will introduce more easing measures necessary to support the economic recovery, support the bottom pick of zinc, however, the euro 17 Member States in July the number of unemployed increased by 88,000 to 1,800.2 million, the highest level since January 1995, which highlights the European debt crisis continues to worsen, limit the height of the rebound in the price of non-ferrous metals market zinc. At the close, LME three-month zinc Asian markets fell 1-1838 U.S. dollars / ton.

Today's forecast:
Current month 1209 Shanghai zinc futures contract opened at 14,670 yuan / ton, up 10 yuan / ton; the main January 1211 contract opened at 14,640 yuan / ton, down 25 yuan / ton. China August official PMI index for the first time below the 50 dividing line inspired market fears of weak domestic demand, this will limit the kinetic energy of the Shanghai zinc. Bernanke's speech, however, the market launch new economic stimulus measures expected to be enhanced to the Fed boosted the market sentiment, Shanghai zinc to maintain the shock of feeding days.
More adequate market inventory, although traders active ship, the the downstream procurement is still a large amount of material spot zinc prices to continue will little change.

Latest Market Focus:
1 Beijing time on August 31 evening news, Bernanke's speech in Jackson Hole is not implied QE3, still said that the Fed has prepared the necessary monetary stimulus measures, but did not mention.
July of the 17 member states of the euro zone, the number of unemployed up by 88,000 people, to 1,800.2 million, creating the highest level since the data compiled for the first time in January 1995.
Announcement jointly issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics on Saturday, Aug. official purchasing managers' index (PMI) fell to 49.2, a record nine-month low. This will be the official PMI fell below 50 for the first time since November last year, nationwide manufacturing activity into a shrinking.

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