SMM Morning Review - 2011/3/15 Zinc Market
SHANGHAI, Mar. 15 (SMM)--Investors chose to stay on the sidelines on speculations that Japanese earthquake may dampen global economic growth. The US dollar index overnight fell slightly to 76.3, down from 76.6. LME zinc prices failed to break through USD 2,300/mt level, with prices closing at USD 2,255/mt, down USD 20/mt.Total positions decreased by 1,669 lots to 242,725 lots, and trading volumes increased by 30,000 lots to 86,324 lots, with prices touching the 5-day moving average.
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