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SMM Morning Review - 2010/9/30 Zinc Market
Sep 30,2010 11:48CST
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Source:SMM

SHANGHAI, Sept. 30 (SMM) -- The US dollar index dipped to a low of 78.706, and a purchasing managers' index released yesterday by HSBC Holdings Plc was 52.9 in September, setting a 5-month high, indicating China’s manufacturing industry improved mildly. As a result, LME base metals closed with gains on Wednesday, with LME zinc prices closing at a high of USD 2,225/mt, up USD 3/mt. The trading volumes decreased by over 1,000 lots to 36,620 lots, and total positions increased by 1,000 los to 222,106 lots, an indication of lackluster trading sentiment.         

 

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