SMM Morning Review - 2011/3/30 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2011/3/30 Zinc Market

SMM Insight 09:58:11AM Mar 30, 2011 Source:SMM

SHANGHAI, Mar. 30 (SMM)--According to data released on Tuesday, US CCI for March was 63.4, lower than February’s 72. The lower-than-forecast CCI has eased concerns over the US Federal Reserve (Fed)’s tightening monetary policies. In this context, the Dow Jones Industrial Average overnight rose 81.13 to close at 12,279.01; the Nasdaq Composite Index rose 26.21 to close at 2,756.89, driving up LME zinc prices overnight to stabilize at the 10-day moving average, with prices finally closing at USD 2,347/mt, up USD 8/mt. Trading volumes increased by 5,000 lots to 56,536 lots, and total positions decreased slightly by 1,000 lots to 231,262 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 price   zinc Zn  

SMM Morning Review - 2011/3/30 Zinc Market

SMM Insight 09:58:11AM Mar 30, 2011 Source:SMM

SHANGHAI, Mar. 30 (SMM)--According to data released on Tuesday, US CCI for March was 63.4, lower than February’s 72. The lower-than-forecast CCI has eased concerns over the US Federal Reserve (Fed)’s tightening monetary policies. In this context, the Dow Jones Industrial Average overnight rose 81.13 to close at 12,279.01; the Nasdaq Composite Index rose 26.21 to close at 2,756.89, driving up LME zinc prices overnight to stabilize at the 10-day moving average, with prices finally closing at USD 2,347/mt, up USD 8/mt. Trading volumes increased by 5,000 lots to 56,536 lots, and total positions decreased slightly by 1,000 lots to 231,262 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 price   zinc Zn