Shanghai, Jul. 12 (SMM) – LME zinc market overnight opened higher at USD 1,905.3/mt. The market staged a V-shape movement during Asian trading hours, rallying after dipping to USD 1,896/mt. As the US dollar index fell to 82, LME zinc briefly toughed USD 1,922.8/mt. Then, the rising momentum halted and fell back, sliding to USD 1,886/mt. Finally, LME zinc market finished at USD 1,898.3/mt, up USD 4.3/mt or 0.22%. Transactions were up 5,282 lots to 14,263 lots, while positions were down 3,440 lots to 261,255 lots. LME zinc inventories were down 5,925 mt to 1,014,225 mt.
SMM Zinc Market Morning Review (2013-7-12)