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SMM Morning Review - 2011/1/27 Zinc Market

iconJan 27, 2011 09:44
Source:SMM

SHANGHAI, Jan. 27 (SMM)--The Dow Jones Industrial Average overnight hit a three-year high of 12,000 points. Meanwhile, the US Federal Reserve (Fed) decided to maintain the current policies, implying the Fed is determined to push forward economic growth. In this context, LME zinc prices were boosted with prices closing at USD 2,275/mt. But transactions were still weak. Trading volumes decreased by over 10,000 lots to 5,403 lots, and total positions decreased by 938 lots to 230,798 lots.

 

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