SMM Morning Review - 2011/3/23 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2011/3/23 Zinc Market

SMM Insight 09:15:30AM Mar 23, 2011 Source:SMM

SHANGHAI, Mar. 23 (SMM)--The US dollar index overnight fell to a 15-month low of 75.2. But crude prices closed at USD 104/bbl as a result of Japanese and Libya events. In this context, the Dow Jones Industrial Average fell 17.9 to close at 12,018.63, and the Nasdaq Composite Index slid by 8.22 to close at 2,683.87, both weighing down LME zinc prices to close at USD 2,307/mt, down USD 12.5/mt, below the 5-day moving average. Trading volumes increased by 9,000 lots to 54,311 lots, and total positions decreased to 229,931 lots.

 

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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 - 2011/3/23 Zinc Market

SMM Insight 09:15:30AM Mar 23, 2011 Source:SMM

SHANGHAI, Mar. 23 (SMM)--The US dollar index overnight fell to a 15-month low of 75.2. But crude prices closed at USD 104/bbl as a result of Japanese and Libya events. In this context, the Dow Jones Industrial Average fell 17.9 to close at 12,018.63, and the Nasdaq Composite Index slid by 8.22 to close at 2,683.87, both weighing down LME zinc prices to close at USD 2,307/mt, down USD 12.5/mt, below the 5-day moving average. Trading volumes increased by 9,000 lots to 54,311 lots, and total positions decreased to 229,931 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