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SMM Daily Review - 2011/10/27 Zinc Market
Oct 28,2011 09:19CST
price review forecast
Source:SMM
On Thursday, SHFE three-month zinc contract prices opened at RMB 15,020/mt, fluctuating around the moving average in the morning session.

SHAGNHAI, Oct. 28 (SMM) -- On Thursday, SHFE three-month zinc contract prices opened at RMB 15,020/mt, fluctuating around the moving average in the morning session. In the afternoon, SHFE three-month zinc contract prices generally moved between RMB 15,000-15,100/mt, and finally closed at RMB 15,145/mt, up RMB 175/mt, or up 1.17%, above the 20-day moving average. Trading volumes decreased by 170,000 lots to 417,834 lots, and total positions increased by 1,720 lots to 226,804 lots.

In domestic spot markets, #0 zinc was traded RMB 15,080-15,120/mt, with premiums of RMB 0-10/mt against SHFE 1201 zinc contract prices. #1 zinc was traded between RMB 15,050-15,100/mt. The market was cautious, and downstream buying interest was low, leaving transactions quiet.
 

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