SMM Morning Review - 2012/5/21 Zinc Market-Shanghai Metals Market

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SMM Morning Review - 2012/5/21 Zinc Market

SMM Insight 09:36:38AM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) – LME zinc prices last Friday plummeted to USD 1,888/mt during Asian trading hours as the US dollar index surged. As large numbers of buyers entered the market, LME zinc prices touched an intraday high at USD 1,924/mt. As concerns grew since Greece will launch another general election on June 17th and will likely be forced out of the market, LME zinc prices fell and closed at USD 1,892/mt. Trading volumes decreased by 2,236 lots to 7,495 lots, and total position increased by 2,117 lots to 267,066 lots.
 

Key Words:  LME zinc prices 

SMM Morning Review - 2012/5/21 Zinc Market

SMM Insight 09:36:38AM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) – LME zinc prices last Friday plummeted to USD 1,888/mt during Asian trading hours as the US dollar index surged. As large numbers of buyers entered the market, LME zinc prices touched an intraday high at USD 1,924/mt. As concerns grew since Greece will launch another general election on June 17th and will likely be forced out of the market, LME zinc prices fell and closed at USD 1,892/mt. Trading volumes decreased by 2,236 lots to 7,495 lots, and total position increased by 2,117 lots to 267,066 lots.
 

Key Words:  LME zinc prices