SMM Morning Review - 2011/1/25 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2011/1/25 Zinc Market

SMM Insight 09:14:49AM Jan 25, 2011 Source:SMM

SHANGHAI, Jan. 25 (SMM)--The US dollar overnight rallied to 78.4 from 78.07 during the Asian trading hours, but then dipped to 77.8 in the evening. However, speculations that China will take additional tightening monetary policies to curb economic growth did not ease. In this context, LME zinc prices overnight continued to dip, down USD 15/mt, with prices finally closing at USD 2,305/mt and struggling at the 60-day moving average. Trading volumes increased by 7,000 lots to 57,022 lots, and total positions decreased by 197 lots to 231,771 lots, with the overall trading sentiment still quiet.

 

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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 - 2011/1/25 Zinc Market

SMM Insight 09:14:49AM Jan 25, 2011 Source:SMM

SHANGHAI, Jan. 25 (SMM)--The US dollar overnight rallied to 78.4 from 78.07 during the Asian trading hours, but then dipped to 77.8 in the evening. However, speculations that China will take additional tightening monetary policies to curb economic growth did not ease. In this context, LME zinc prices overnight continued to dip, down USD 15/mt, with prices finally closing at USD 2,305/mt and struggling at the 60-day moving average. Trading volumes increased by 7,000 lots to 57,022 lots, and total positions decreased by 197 lots to 231,771 lots, with the overall trading sentiment still quiet.

 

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