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SMM Morning Review - 2010/9/6 Zinc Market

iconSep 6, 2010 00:00

SHANGHAI, Sept. 6 (SMM) -- Last Friday, the US government released that nonfarm employment in August fell by 54,000, better than expected. In response, Dow Jones Industrial Average and Nasdaq Composite Index advanced, driving LME zinc prices higher to USD 2,192/mt. Later, the US Institute for Supply Management (ISM) announced that the non-manufacturing index in August was 51.5, lower than previous forecast of 53.5. LME zinc prices lost previous gains as a result, with prices finally closing at USD 2,165/mt, but prices still stood above all moving averages.                 

 

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