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SMM Daily Review - 2011/10/20 Zinc Market
Oct 21,2011 09:08CST
price review forecast
Source:SMM
SHFE three-month zinc contract prices opened lower at RMB 14,200/mt, and plummeted to a new low for the year at RMB 13,780/mt

SHAGNHAI, Oct. 21 (SMM) -- On Thursday, SHFE three-month zinc contract prices opened lower at RMB 14,200/mt, and plummeted to a new low for the year at RMB 13,780/mt. Finally, SHFE three-month zinc contract prices closed at RMB 13,850/mt, down RMB 795/mt, or down 5.43%. Trading volumes increased by over 360,000 lots to 622,742 lots, and total positions increased by 50,970 lots to 234,748 lots.

In domestic spot markets, #0 zinc was traded around RMB 14,250/mt, with premiums of RMB 300-350/mt against SHFE 1201 zinc contract prices. #1 zinc was traded between RMB 14,200-14,250/mt. Goods supply increased after delivery, and downstream buying interest was strong, keeping transactions brisk.
 

SHFE zinc price

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