SMM Brief on SHFE Zinc Futures (2013-1-23)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-1-23)

Price Review & Forecast 04:16:08PM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – In response to leaping LME zinc prices overnight, SHFE 1304 zinc contract prices opened above all moving averages at RMB 15,540/mt. But since LME zinc prices fell, SHFE 1304 zinc contract prices slid and generally moved between RMB 15,480-15,490/mt in the morning trading. Due to rising LME zinc prices at noon and climbing Shanghai Composite, SHFE 1304 zinc contract prices inched up and touched RMB 15,560/mt, and closed at RMB 15,545/mt, up RMB 95/mt, or 0.61%. Trading volumes decreased by 16,796 lots, to 40,616 lots, and total position increased by 284 lots, to 89,284 lots.
 

Key Words:  SHFE zinc prices  

SMM Brief on SHFE Zinc Futures (2013-1-23)

Price Review & Forecast 04:16:08PM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – In response to leaping LME zinc prices overnight, SHFE 1304 zinc contract prices opened above all moving averages at RMB 15,540/mt. But since LME zinc prices fell, SHFE 1304 zinc contract prices slid and generally moved between RMB 15,480-15,490/mt in the morning trading. Due to rising LME zinc prices at noon and climbing Shanghai Composite, SHFE 1304 zinc contract prices inched up and touched RMB 15,560/mt, and closed at RMB 15,545/mt, up RMB 95/mt, or 0.61%. Trading volumes decreased by 16,796 lots, to 40,616 lots, and total position increased by 284 lots, to 89,284 lots.
 

Key Words:  SHFE zinc prices