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SMM Morning Review - 2011/3/1 Zinc Market
Mar 1,2011 09:15CST
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SHANGHAI, Mar. 1 (SMM)--The US personal income in January was up 1.0% compared to an estimate of 0.4%; Chicago PMI (Purchasing Managers Index) for February was 71.2, compared to the forecast of 67.7. Meanwhile, crude oil prices fell and the US dollar index dipped further to 76.7, both boosting LME base metal prices to rebound. LME zinc prices stood at the 10-day moving average, with prices closing at USD 2,503/mt, up USD 16.3/mt. Trading volumes increased by 5,000 lots to 40,595 lots, and total positions decreased slightly by 500 lots to 233,609 lots.


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