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SMM Brief on SHFE Zinc Futures (2013-1-30)
SHANGHAI, Jan. 30 (SMM) – LME zinc prices stood at USD 2100/mt, and soared to fluctuate around USD 2,115/mt. SHFE 1305 zinc contract prices opened RMB 55/mt higher at RMB 15,760/mt, and soared to RMB 15,995/mt due to increasing long momentum, and then fluctuated around RMB 15,930/mt, up RMB 220/mt, or 1.4%. Trading volumes of SHFE 1305 zinc contract increased by 87,132 lots, to 150,778 lots, and total position increased by 36,408 lots to 124,482 lots.
SMM Brief on SHFE Zinc Futures (2013-1-30)
SHANGHAI, Jan. 30 (SMM) – LME zinc prices stood at USD 2100/mt, and soared to fluctuate around USD 2,115/mt. SHFE 1305 zinc contract prices opened RMB 55/mt higher at RMB 15,760/mt, and soared to RMB 15,995/mt due to increasing long momentum, and then fluctuated around RMB 15,930/mt, up RMB 220/mt, or 1.4%. Trading volumes of SHFE 1305 zinc contract increased by 87,132 lots, to 150,778 lots, and total position increased by 36,408 lots to 124,482 lots.
