Metals News
SMM Morning Review - 2011/3/17 Zinc Market
smm insight
09:36AM
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.

 

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