SMM Morning Review - 2010/12/24 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/24 Zinc Market

SMM Insight 09:36:05AM Dec 24, 2010 Source:SMM

SHANGHAI, Dec. 24 (SMM)--The number of US preliminary jobless claims for the week ending December 18 fell to 420,000; US Personal Consumption Expenditures for November rose for the fifth straight month; US new home sales up 5.5% from the previous month. In this context, LME zinc prices overnight down USD 2/mt and closed at USD 2,302/mt since investors left the market after profit-taking as Christmas holiday nears. Trading volumes fell to 30,811 lots, and total positions increased slight by 500 lots to 231,591 lots.

 

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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 - 2010/12/24 Zinc Market

SMM Insight 09:36:05AM Dec 24, 2010 Source:SMM

SHANGHAI, Dec. 24 (SMM)--The number of US preliminary jobless claims for the week ending December 18 fell to 420,000; US Personal Consumption Expenditures for November rose for the fifth straight month; US new home sales up 5.5% from the previous month. In this context, LME zinc prices overnight down USD 2/mt and closed at USD 2,302/mt since investors left the market after profit-taking as Christmas holiday nears. Trading volumes fell to 30,811 lots, and total positions increased slight by 500 lots to 231,591 lots.

 

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