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SMM Daily Review - 2011/10/13 Zinc Market
Oct 14,2011 09:08CST
price review forecast
Source:SMM
On Thursday, SHFE three-month zinc contract prices surged to an intraday high RMB 15,280/mt in the morning session, and then fell to move between RMB 15,150-15,250/mt.

SHAGNHAI, Oct. 14 (SMM) -- On Thursday, SHFE three-month zinc contract prices surged to an intraday high RMB 15,280/mt in the morning session, and then fell to move between RMB 15,150-15,250/mt. SHFE zinc prices dipped after the opening of the afternoon trading with LME zinc prices, but pared some losses to close at RMB 15,160/mt, up RMB 60/mt. Trading volumes decreased by 140,000 lots to 252,026 lots, while total positions decreased by 10,894 lots to 200,876 lots.

In domestic spot markets, #0 zinc was traded between RMB 15,150-15,200/mt, close to SHFE 1112 zinc contract prices. #1 zinc was traded between RMB 15,100-15,150/mt. Traders and downstream buyers stood on the sidelines, leaving transaction quiet.
 

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