SMM Morning Review - 2010/12/14 Zinc Market-Shanghai Metals Market
Metals News

Hot Keywords

  • Inventory data
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Futures movement
  • NPI
  • Copper
  • Aluminium
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations
  • nickel laterite

Home > News > SMM Insight > SMM Morning Review - 2010/12/14 Zinc Market

database广告位

SMM Morning Review - 2010/12/14 Zinc Market

SMM Insight 09:51:51AM Dec 14, 2010 Source:SMM

SHANGHAI, Dec. 14 (SMM)--China’s retail sales of consumer goods for November rose by 18.7% YoY, and industrial added value up 13.3%. However, China didn’t hike the interest rate on these positive economic data, easing market sentiment. In this context, the US dollar index overnight weakened and dipped to 79.2; LME zinc prices surged to USD 2,300/mt and finally closed at USD 2,312/mt, up USD 39.8/mt, or up 1.75%, with prices standing above 30-day moving average. Trading volumes significantly increased by 17,000 lots to 77,299 lots, and total positions slightly increased by 1,000 lots to 243,079 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  SHFE market  zinc price  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
Back
Relative News

Price

more
#1 Refined Cu
Oct.18
46740.0
40.0
(0.09%)
Standard-Grade Copper
Oct.18
46730.0
40.0
(0.09%)
High-Grade Copper
Oct.18
46750.0
45.0
(0.10%)
Guixi copper
Oct.18
46750.0
40.0
(0.09%)
Low-quality copper
Oct.18
46700.0
45.0
(0.10%)

SMM Morning Review - 2010/12/14 Zinc Market

SMM Insight 09:51:51AM Dec 14, 2010 Source:SMM

SHANGHAI, Dec. 14 (SMM)--China’s retail sales of consumer goods for November rose by 18.7% YoY, and industrial added value up 13.3%. However, China didn’t hike the interest rate on these positive economic data, easing market sentiment. In this context, the US dollar index overnight weakened and dipped to 79.2; LME zinc prices surged to USD 2,300/mt and finally closed at USD 2,312/mt, up USD 39.8/mt, or up 1.75%, with prices standing above 30-day moving average. Trading volumes significantly increased by 17,000 lots to 77,299 lots, and total positions slightly increased by 1,000 lots to 243,079 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  SHFE market  zinc price  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