Metals News
SMM Morning Review - 2010/12/31 Zinc Market
smm insight
09:43AM
Source:SMM

SHANGHAI, Dec. 31 (SMM)--The US dollar index overnight fell from 79.7 to a low of 79.4, and the number of US preliminary jobless claims during last week fell to the lowest level since July 2008. However, LME zinc prices were not strongly supported by the weakened US dollar index and the positive economic data. LME zinc prices overnight opened at USD 2,370/mt, with prices trying to touch USD 2,428/mt during the day, but finally closed at USD 2,370/mt. Transactions were still weak, with trading volumes of 45,185 lots and total positions of 230,553 lots.

 

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