SMM Morning Review - 2011/3/7 Zinc Market-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Zinc
  • Aluminium
  • hydrogenation stations
  • Production data
  • Futures movement
  • Copper
  • nickel laterite
  • Nickel
  • Market commentary
  • Macroeconomics
  • In the United States
  • Nickel ore
  • Spot copper

SMM Morning Review - 2011/3/7 Zinc Market

SMM Insight 09:35:11AM Mar 07, 2011 Source:SMM

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.

 

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:  LME market   zinc Zn  

SMM Morning Review - 2011/3/7 Zinc Market

SMM Insight 09:35:11AM Mar 07, 2011 Source:SMM

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.

 

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:  LME market   zinc Zn