SMM Brief on SHFE Zinc Futures (2013-2-1)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-2-1)

Price Review & Forecast 04:50:30PM Feb 01, 2013 Source:SMM

SHANGHAI, Feb. 1 (SMM) – LME zinc prices overnight closed with declines. SHFE 1305 zinc contract prices opened flat at RMB 16,080/mt, and then fluctuated around RMB 16,050/mt. Due to mixed major economic data from China, SHFE 1305 zinc contract prices dipped to an intraday low of RMB 15,940/mt. As the Shanghai Composite soared to 2,421.15, SHFE 1305 zinc contract prices were boosted and struggled at RMB 16,060/mt in the afternoon, and closed at RMB 16,045/mt, down RMB 35/mt, or down 0.22%. Trading volumes of SHFE 1305 zinc contract decreased by 38,480 lots, to 153,840 lots, and total position increased by 7,674 lots to 177,604 lots.


 

Price

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#1 Refined Cu
Dec.11
48485.0
65.0
(0.13%)
Standard-Grade Copper
Dec.10
48410.0
265.0
(0.55%)
High-Grade Copper
Dec.10
48430.0
265.0
(0.55%)
Guixi Copper
Dec.10
48435.0
260.0
(0.54%)
Low-Quality Copper
Dec.10
48355.0
265.0
(0.55%)

SMM Brief on SHFE Zinc Futures (2013-2-1)

Price Review & Forecast 04:50:30PM Feb 01, 2013 Source:SMM

SHANGHAI, Feb. 1 (SMM) – LME zinc prices overnight closed with declines. SHFE 1305 zinc contract prices opened flat at RMB 16,080/mt, and then fluctuated around RMB 16,050/mt. Due to mixed major economic data from China, SHFE 1305 zinc contract prices dipped to an intraday low of RMB 15,940/mt. As the Shanghai Composite soared to 2,421.15, SHFE 1305 zinc contract prices were boosted and struggled at RMB 16,060/mt in the afternoon, and closed at RMB 16,045/mt, down RMB 35/mt, or down 0.22%. Trading volumes of SHFE 1305 zinc contract decreased by 38,480 lots, to 153,840 lots, and total position increased by 7,674 lots to 177,604 lots.