Monday, August 11, 2008
UPDATES ON AUG 11 2008
AUG 11 MONDAY
Zinc was at a 2.5 year low of $ 1685 down from Thursdays
$ 1740.
Zinc could face pressure on reports that producers are
facing losses at current price levels.
In all the Base metals complex would be volatile this
season.
There could be still one key to revival of the commodities
counter. That is if the U.S comes out of its ailing economy
and if China shows the expected appetite for coal.crude
and metals even after the Olympics gets over.
Zinc was at a 2.5 year low of $ 1685 down from Thursdays
$ 1740.
Zinc could face pressure on reports that producers are
facing losses at current price levels.
In all the Base metals complex would be volatile this
season.
There could be still one key to revival of the commodities
counter. That is if the U.S comes out of its ailing economy
and if China shows the expected appetite for coal.crude
and metals even after the Olympics gets over.
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