SMM Morning Review - 2011/3/1 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2011/3/1 Zinc Market

SMM Insight 09:15:19AM Mar 01, 2011 Source:SMM

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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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


 

SMM Morning Review - 2011/3/1 Zinc Market

SMM Insight 09:15:19AM Mar 01, 2011 Source:SMM

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.

 

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