Home / Metal News / Tin / Nickel, Zinc Slide in Metals Sell-off as Euro Falls
Nickel, Zinc Slide in Metals Sell-off as Euro Falls
Jun 4,2010 09:02CST
industry news
Source:SMM

LONDON June 3 -- Nickel fell more than 5 percent to a four month-low and zinc lost around 4 percent on Thursday on the back of persistent worries about the health of the euro zone economy, traders said.

Selling pressure has escalated as the euro dropped to a session low versus the dollar.

Nickel CMNI3 for three months delivery on the London Metal Exchange fell to $18,600 a tonne, its lowest since mid-February and was at $18,670 a tonne by 1445 GMT, versus Wednesday's $19,650 a tonne.

Zinc CMZN3 tumbled as low as $1,729.25 a tonne and was last at $1,736.50 a tonne versus $1,801 a tonne.

 

nickel Ni
zinc Zn

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn