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Home / Metal News / SMM Morning Review - 2010/9/14 Zinc Market

SMM Morning Review - 2010/9/14 Zinc Market

iconSep 14, 2010 00:00
Source:上海有色金属网

SHANGHAI, Sept. 14 (SMM) -- LME base metals prices closed with gains on Monday. The US dollar index weakened continuously yesterday, and even dipped to 81.76 last night, and Dow Jones Industrial Average and Nadaq Composite Index closed with gains. Meanwhile, presidents of the world's major central banks reached a new rule at a conference held in Basel, Switzerland during weekend, and required lenders to increase their core capital reserves to at least 4.5% of assets, much higher than current level of 2%. Positively affected by economic news, LME zinc prices re-tested the 5-day moving average, and finally closed at USD 2,152/mt, up USD 37/mt. Trading volumes surged by 13,000 lots to 62,950 lots, while positions increased by nearly 2,000 lots to 234,350 lots.  

 

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