Home / Metal News / Copper / SMM Morning Review - 2011/2/21 Zinc Market
SMM Morning Review - 2011/2/21 Zinc Market
Feb 21,2011 09:14CST
smm insight

SHANGHAI, Feb. 21 (SMM)--China’s central bank announced last Friday it will raise the deposit reserve ratio for financial institutions by 0.5% since Feb. 24, 2011. Such move is the second ratio hike since early 2011. But the news was absorbed by the market soon as they were expecting tightening monetary policies by China’s central bank. In this context, the US dollar index dipped to 77.6 last Friday. LME zinc prices opened higher at USD 2,554/mt, and closed with declines at USD 2,545/mt, the record low during 4 months. Trading volumes decreased by over 7,000 lots to 29,610 lots, and total positions decreased by 600 lots to 232,629 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


LME market
SHFE market
zinc price
zinc Zn

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news