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SMM Brief on SHFE Zinc Futures (2013-2-7)
Feb 7,2013 16:47
CSTsmm insight
Source:SMM
The 1305 SHFE zinc contract price opened lower at RMB 15,935/mt on January 7, and fell to RMB 15,830/mt.
SHANGHAI, Feb. 7 (SMM) – The 1305 SHFE zinc contract price opened lower at RMB 15,935/mt on January 7, and fell to RMB 15,830/mt due to decline in LME lead prices to hover around RMB 15,860/mt before finally ending at RMB 15,840/mt, down RMB 165/mt. The 10-day moving average became resistance. Positions fell 13,448 lots to 151,662 lots.
SHFE zinc prices
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