SMM Morning Review - 2010/12/20 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/20 Zinc Market

SMM Insight 09:39:35AM Dec 20, 2010 Source:SMM

SHANGHAI, Dec. 20 (SMM)--The Conference Board said last Friday its index of leading economic indicators up 1.1%, the biggest since March. The positive economic news boosted LME zinc prices despite the US dollar index moved above 80 and once hit 80.6 last Friday evening. LME zinc prices opened at USD 2,280/mt and surged to USD 2,300/mt mark, with prices finally closing at USD 2,305/mt. Trading volumes decreased by 8,000 lots to 42,193 lots, and total positions decreased slightly by 800 lots to 231,080 lots. The transaction was weak before Christmas Day holiday.

 

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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  SHFE market  zinc price  zinc Zn 

SMM Morning Review - 2010/12/20 Zinc Market

SMM Insight 09:39:35AM Dec 20, 2010 Source:SMM

SHANGHAI, Dec. 20 (SMM)--The Conference Board said last Friday its index of leading economic indicators up 1.1%, the biggest since March. The positive economic news boosted LME zinc prices despite the US dollar index moved above 80 and once hit 80.6 last Friday evening. LME zinc prices opened at USD 2,280/mt and surged to USD 2,300/mt mark, with prices finally closing at USD 2,305/mt. Trading volumes decreased by 8,000 lots to 42,193 lots, and total positions decreased slightly by 800 lots to 231,080 lots. The transaction was weak before Christmas Day holiday.

 

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