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SMM Morning Review - 2011/2/18 Zinc Market
Feb 18,2011 09:14CST
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Source:SMM

SHANGHAI, Feb. 18 (SMM)--The US CPI for January was up 1.6% YoY, in line with the forecast. The US dollar index overnight further fell to 77.9 from 78. LME zinc prices overnight surged to USD 2,500/mt boosted by SHFE zinc prices during the Asian trading hours, with prices opening at USD 2,514/mt, and finally closing at USD 2,525/mt above all the daily moving averages. Trading volumes decreased by nearly 20,000 lots to 38,596/mt, and total positions decreased by nearly 30,000 lots to 233,213 lots.

 

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