Metals News
SMM Morning Review - 2011/3/2 Zinc Market
smm insight
09:08AM
Mar 2,2011
Source:SMM

SHANGHAI, Mar. 2 (SMM)--The US dollar index overnight rallied to 77. Crude oil future contract prices further rose to USD 100 per barrel on speculations of investors that the Middle East chaos will spread to Saudi Arabia. In this context, the Dow Jones Industrial Average overnight fell 168.32 to 12,058.02, the Nasdaq Composite Index dip 44.86 to 2,737.41. LME zinc prices were weighed down to USD 2,500/mt and finally closed at USD 2,509/mt, up only USD 6/mt. Trading volumes increased by 6,000 lots to 46,788 lots, and total positions decreased slightly by 1,000 lots to 232,092 lots.

 

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