SMM Morning Review - 2011/3/17 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2011/3/17 Zinc Market

SMM Insight 09:36:52AM Mar 17, 2011 Source:SMM

SHANGHAI, Mar. 17 (SMM)--Japanese emperor told citizens in the address telecasted on Wednesday not to give up hope after the disaster. Meanwhile, the Nikkei index was up 5.7% after Japan continuing to inject funds to the market, and the market believes demand for base metals will improve due to the restruction in Japan, moving higher LME zinc prices to close at USD 2,319/mt, up USD 11/mt, above the 5-day moving average. Trading volumes increased by 30000 lots to 62075 lots, and total positions increased by 3153 lots to 234862 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 - 2011/3/17 Zinc Market

SMM Insight 09:36:52AM Mar 17, 2011 Source:SMM

SHANGHAI, Mar. 17 (SMM)--Japanese emperor told citizens in the address telecasted on Wednesday not to give up hope after the disaster. Meanwhile, the Nikkei index was up 5.7% after Japan continuing to inject funds to the market, and the market believes demand for base metals will improve due to the restruction in Japan, moving higher LME zinc prices to close at USD 2,319/mt, up USD 11/mt, above the 5-day moving average. Trading volumes increased by 30000 lots to 62075 lots, and total positions increased by 3153 lots to 234862 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