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SMM Morning Review - 2010/12/20 Zinc Market
SHANGHAI, Dec. 20 (SMM)--The Conference Board said last Friday its index of leading economic indicators up 1.1%, the biggest since March. The positive economic news boosted LME zinc prices despite the US dollar index moved above 80 and once hit 80.6 last Friday evening. LME zinc prices opened at USD 2,280/mt and surged to USD 2,300/mt mark, with prices finally closing at USD 2,305/mt. Trading volumes decreased by 8,000 lots to 42,193 lots, and total positions decreased slightly by 800 lots to 231,080 lots. The transaction was weak before Christmas Day holiday.
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