SMM Brief on SHFE Zinc Futures (2013-1-29)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-1-29)

Price Review & Forecast 04:22:48PM Jan 29, 2013 Source:SMM

SHANGHAI, Jan. 29 (SMM) – SHFE 1305 zinc contract became the most actively traded one, with prices opening at RMB 15,705/mt, and soared to RMB 15,700/mt after opening. But as short momentum mounted, SHFE 1305 zinc contract prices fell and fluctuated between RMB 15,675-15,685/mt. In response to surging LME zinc prices, SHFE 1305 zinc contract prices touched RMB 15,775/mt, and finally closed at RMB 15,725/mt, up RMB 30/mt, or 0.19%. Trading volumes of SHFE 1305 zinc contract increased by 2,226 lots, to 63,646 lots, and total position increased by 13,780 lots to 88,074 lots. Trading volumes of SHFE 1304 zinc contract decreased by 11,802 lots, to 31,514 lots, and total position decreased by 2,202 lots to 75,550 lots.
 

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#1 Refined Cu
Oct.22
47170.0
-20.0
(-0.04%)
Standard-Grade Copper
Oct.22
47160.0
-20.0
(-0.04%)
High-Grade Copper
Oct.22
47180.0
-15.0
(-0.03%)
Guixi copper
Oct.22
47190.0
-10.0
(-0.02%)
Low-quality copper
Oct.22
47130.0
-10.0
(-0.02%)

SMM Brief on SHFE Zinc Futures (2013-1-29)

Price Review & Forecast 04:22:48PM Jan 29, 2013 Source:SMM

SHANGHAI, Jan. 29 (SMM) – SHFE 1305 zinc contract became the most actively traded one, with prices opening at RMB 15,705/mt, and soared to RMB 15,700/mt after opening. But as short momentum mounted, SHFE 1305 zinc contract prices fell and fluctuated between RMB 15,675-15,685/mt. In response to surging LME zinc prices, SHFE 1305 zinc contract prices touched RMB 15,775/mt, and finally closed at RMB 15,725/mt, up RMB 30/mt, or 0.19%. Trading volumes of SHFE 1305 zinc contract increased by 2,226 lots, to 63,646 lots, and total position increased by 13,780 lots to 88,074 lots. Trading volumes of SHFE 1304 zinc contract decreased by 11,802 lots, to 31,514 lots, and total position decreased by 2,202 lots to 75,550 lots.