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Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-1-15)

SMM Brief on SHFE Zinc Futures (2013-1-15)

iconJan 15, 2013 16:42
LME zinc prices overnight plunged.

SHANGHAI, Jan. 15 (SMM) – LME zinc prices overnight plunged. SHFE 1304 zinc contract prices opened lower at RMB 15,365/mt, and generally fluctuated around RMB 15,370/mt in the morning trading. But as LME zinc prices slumped at noon, and since short momentum strengthened, SHFE 1304 zinc contract prices slipped below the 60-day moving average, dipping to an intraday low of RMB 15,165/mt after vacillating briefly around RMB 15,240/mt. Finally, SHFE 1304 zinc contract prices closed at RMB 15,175/mt, down RMB 240/mt or 1.56%. Total position increased by 15,366 lots to 110,838 lots.
 

LME zinc prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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