SMM Morning Review - 2012/5/23 Zinc Market

May 23, 2012 10:48

LME zinc prices overnight opened higher at USD 1,910/mt during Asian trading hours, but then plummeted to USD 1,903.3/mt as the US dollar index surged to 81.

SHANGHAI, May 23 (SMM) – LME zinc prices overnight opened higher at USD 1,910/mt during Asian trading hours, but then plummeted to USD 1,903.3/mt as the US dollar index surged to 81. As Japan's sovereign credit rating was downgraded, investors' concerns grew, pushing down LME zinc prices to USD 1,894.3/mt. The New York Fed's manufacturing index was higher than expected, indicating the manufacturing sector is expanding modestly. As a result, LME zinc prices touched USD 1,910.5/mt and finally closed at USD 1,908.5/mt. Trading volumes decreased by 1,795 lots to 8,530 lots, and total position increased by 103 lots to 267,006 lots. LME zinc prices overnight dipped to USD 1,894.3/mt and finally closed at USD 1,908.5/mt, down USD 1.5/mt.

LME zinc prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Morning Review - 2012/5/23 Zinc Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025