SMM Morning Review - 2011/3/16 Zinc Market-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Stainless steel
  • Copper
  • Rare earths
  • Nickel
  • Aluminium
  • Market commentary
  • Zinc
  • Macroeconomics
  • Iron ore
  • Nickel ore
  • Tin
  • Evening comments
  • Production data
  • Morning comments

SMM Morning Review - 2011/3/16 Zinc Market

SMM Insight 09:29:26AM Mar 16, 2011 Source:SMM

SHANGHAI, Mar. 16 (SMM)--LME zinc prices overnight were weighed down to USD 2,266/mt on news of Japan's nuclear leakage. Later, Japanese economy and fiscal minister Yosano Kaoru said that the stock turmoil in Japan will ease soon and the stock market will begin to recover, with the Japanese government expected to buy stocks to support share prices. In this context, LME zinc prices closed with gains at USD 2,308/mt, up USD 52.5/mt, or up 2.33%, below the 5-day moving average. Trading volumes increased by 7,000 lots to 93,654 lots, and total positions decreased by 4,710 lots to 238,015 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  

SMM Morning Review - 2011/3/16 Zinc Market

SMM Insight 09:29:26AM Mar 16, 2011 Source:SMM

SHANGHAI, Mar. 16 (SMM)--LME zinc prices overnight were weighed down to USD 2,266/mt on news of Japan's nuclear leakage. Later, Japanese economy and fiscal minister Yosano Kaoru said that the stock turmoil in Japan will ease soon and the stock market will begin to recover, with the Japanese government expected to buy stocks to support share prices. In this context, LME zinc prices closed with gains at USD 2,308/mt, up USD 52.5/mt, or up 2.33%, below the 5-day moving average. Trading volumes increased by 7,000 lots to 93,654 lots, and total positions decreased by 4,710 lots to 238,015 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