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SMM Morning Review - 2011/3/7 Zinc Market
Mar 7,2011 09:35CST
smm insight

SHANGHAI, Mar. 7 (SMM)--According to data released last Friday, the number of US non-farm employment in February rose by 192,000, the largest gain since May 2010. But chaos in North America raised crude oil prices again, triggering inflation speculations and depressing risk appetites. In this context, LME zinc prices fell by USD 19/mt last Friday, with prices finally closing at USD 2,461/mt above the 30-day moving average. Trading volumes increased by 5,000 lots to 49,688 lots, and total positions increased by 1,000 lots to 239,057 lots.


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