SMM Morning Review - 2010/12/3 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/3 Zinc Market

SMM Insight 10:25:52AM Dec 03, 2010 Source:SMM

SHANGHAI, Dec. 3 (SMM) -- The US National Association of Realtors (NAR) released on Thursday that US Pending Home Sales Index rose by 10.4% to 89.3 in October, better than the previous forecast. The US dollar index fell from 80.7 to 80 due to positive economic data, boosting LME base metal prices on Thursday. LME zinc prices overnight opened higher at USD 2,226/mt, with prices finally closing at a high of USD 2,237/mt. Trading volumes decreased by nearly 5,000 lots to 71,167 lots, and total positions decreased by over 2,000 lots to 229,212 lots. SHFE zinc prices are expected to continue rebounding today.

 

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None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  LME market  zinc price  zinc Zn 

SMM Morning Review - 2010/12/3 Zinc Market

SMM Insight 10:25:52AM Dec 03, 2010 Source:SMM

SHANGHAI, Dec. 3 (SMM) -- The US National Association of Realtors (NAR) released on Thursday that US Pending Home Sales Index rose by 10.4% to 89.3 in October, better than the previous forecast. The US dollar index fell from 80.7 to 80 due to positive economic data, boosting LME base metal prices on Thursday. LME zinc prices overnight opened higher at USD 2,226/mt, with prices finally closing at a high of USD 2,237/mt. Trading volumes decreased by nearly 5,000 lots to 71,167 lots, and total positions decreased by over 2,000 lots to 229,212 lots. SHFE zinc prices are expected to continue rebounding today.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  LME market  zinc price  zinc Zn