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SMM Morning Review - 2010/9/7 Zinc Market
SHANGHAI, Sept. 7 (SMM) -- The US employment report released last week was better than expected, and the Shanghai Stock Exchange Composite Index strengthened to 2,698.6 points yesterday, and SHFE 1012 zinc contract prices closed at a high of RMB 18,240/mt, all helping support LME zinc prices to move higher. LME zinc prices hit a high of USD 2,201/mt last night, and finally closed at USD 2,200/mt, up USD 35/mt, with prices still standing above all moving averages.
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