SMM Morning Review - 2010/12/31 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/31 Zinc Market

SMM Insight 09:43:46AM Dec 31, 2010 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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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 - 2010/12/31 Zinc Market

SMM Insight 09:43:46AM Dec 31, 2010 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.

 

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