SMM Morning Review - 2010/12/27 Zinc Market-Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Zinc
  • Copper scrap
  • Evening comments
  • Aluminium
  • Macroeconomics
  • Futures movement
  • Copper
  • Production data
  • MMi Iron Ore Port Index
  • Rare earth
  • inventory
  • Operating+rates

SMM Morning Review - 2010/12/27 Zinc Market

SMM Insight 09:17:03AM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27 (SMM)--The transaction was weak last Friday due to Christmas holiday. The US dollar index fluctuated narrowly between 80.4 and 80.6; LME zinc prices fell to USD 2,300/mt without support from 5-day moving average, and finally closed at USD 2,297/mt. Trading volumes further decreased to 25,524 lots, and total positions decreased to 230,785 lots. A large number of positions left the market after profit-taking before the holiday. China’s central bank announced to further increase interest rates by 0.25%. In this context, SHFE zinc prices are expected to end fluctuations.

 

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 

SMM Morning Review - 2010/12/27 Zinc Market

SMM Insight 09:17:03AM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27 (SMM)--The transaction was weak last Friday due to Christmas holiday. The US dollar index fluctuated narrowly between 80.4 and 80.6; LME zinc prices fell to USD 2,300/mt without support from 5-day moving average, and finally closed at USD 2,297/mt. Trading volumes further decreased to 25,524 lots, and total positions decreased to 230,785 lots. A large number of positions left the market after profit-taking before the holiday. China’s central bank announced to further increase interest rates by 0.25%. In this context, SHFE zinc prices are expected to end fluctuations.

 

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