SMM Morning Review - 2010/12/6 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/6 Zinc Market

SMM Insight 09:55:27AM Dec 06, 2010 Source:SMM

SHANGHAI, Dec. 6 (SMM) -- According to data released last Friday, the number of US non-farm employment increased by 39,000 in November, lower than the forecast of 140,000. The negative economic data weighed down LME zinc prices. Despite the US dollar index weakened to 80 later, LME zinc prices failed to rally and finally closed at USD 2,219/mt, down USD 40/mt. Trading volumes were 54,838 lots, and total positions slightly decreased by 61 lots to 229,151 lots. SHFE zinc prices are expected to meet pressure to rebound 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 

SMM Morning Review - 2010/12/6 Zinc Market

SMM Insight 09:55:27AM Dec 06, 2010 Source:SMM

SHANGHAI, Dec. 6 (SMM) -- According to data released last Friday, the number of US non-farm employment increased by 39,000 in November, lower than the forecast of 140,000. The negative economic data weighed down LME zinc prices. Despite the US dollar index weakened to 80 later, LME zinc prices failed to rally and finally closed at USD 2,219/mt, down USD 40/mt. Trading volumes were 54,838 lots, and total positions slightly decreased by 61 lots to 229,151 lots. SHFE zinc prices are expected to meet pressure to rebound 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