SMM Morning Review - 2011/3/2 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2011/3/2 Zinc Market

SMM Insight 09:08:05AM Mar 02, 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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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


 

Key Words:  zinc Zn  

SMM Morning Review - 2011/3/2 Zinc Market

SMM Insight 09:08:05AM Mar 02, 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.

 

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


 

Key Words:  zinc Zn