Home / Metal News / SMM Morning Review - 2011/3/16 Zinc Market

SMM Morning Review - 2011/3/16 Zinc Market

iconMar 16, 2011 09:29
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


 

zinc Zn

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn