SMM Brief on SHFE Zinc Futures (2013-1-21)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-1-21)

Price Review & Forecast 05:17:06PM Jan 21, 2013 Source:SMM

SHANGHAI, Jan. 21 (SMM) – LME zinc prices last Friday soared by 1.323%. SHFE 1304 zinc contract prices opened higher at RMB 15,435/mt, and were dragged down by LME zinc prices immediately following opening. SHFE 1304 zinc contract prices continued to fall and dipped to RMB 15,340/mt, and closed at RMB 15,365/mt, down RMB 20/mt, or 0.13%. Trading volumes decreased by 20,186 lots, to 47,974 lots, and total position increased by 142 lots to 93,458 lots.
 

SMM Brief on SHFE Zinc Futures (2013-1-21)

Price Review & Forecast 05:17:06PM Jan 21, 2013 Source:SMM

SHANGHAI, Jan. 21 (SMM) – LME zinc prices last Friday soared by 1.323%. SHFE 1304 zinc contract prices opened higher at RMB 15,435/mt, and were dragged down by LME zinc prices immediately following opening. SHFE 1304 zinc contract prices continued to fall and dipped to RMB 15,340/mt, and closed at RMB 15,365/mt, down RMB 20/mt, or 0.13%. Trading volumes decreased by 20,186 lots, to 47,974 lots, and total position increased by 142 lots to 93,458 lots.