Metals News
SMM Morning Review - 2010/12/24 Zinc Market
smm insight
09:36AM
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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