SMM Brief on SHFE Zinc Futures (2013-1-28)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-1-28)

Price Review & Forecast 04:41:10PM Jan 28, 2013 Source:SMM

SHANGHAI, Jan. 28 (SMM) – SHFE 1304 zinc contract prices opened at RMB 15,570/mt, and soared to an intraday high of RMB 15,640/mt as long momentum mounted. But in response to falling LME zinc prices, SHFE 1304 zinc contract prices inched down to RMB 15,550/mt, fluctuating between RMB 15,580-15,600/mt, and finally closed at RMB 15,570/mt, down RMB 10/mt, or 0.06%. Trading volumes of SHFE 1304 zinc contract decreased by 18,378 lots, to 43,316 lots, and total position decreased by 12,352 lots to 77,752 lots.
 

Price

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1# Zinc
Oct.21
18970.0
160.0
(0.85%)
0# Zinc
Oct.21
19040.0
160.0
(0.85%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.21
19940.0
160.0
(0.81%)

SMM Brief on SHFE Zinc Futures (2013-1-28)

Price Review & Forecast 04:41:10PM Jan 28, 2013 Source:SMM

SHANGHAI, Jan. 28 (SMM) – SHFE 1304 zinc contract prices opened at RMB 15,570/mt, and soared to an intraday high of RMB 15,640/mt as long momentum mounted. But in response to falling LME zinc prices, SHFE 1304 zinc contract prices inched down to RMB 15,550/mt, fluctuating between RMB 15,580-15,600/mt, and finally closed at RMB 15,570/mt, down RMB 10/mt, or 0.06%. Trading volumes of SHFE 1304 zinc contract decreased by 18,378 lots, to 43,316 lots, and total position decreased by 12,352 lots to 77,752 lots.