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Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-2-20)

SMM Brief on SHFE Zinc Futures (2013-2-20)

iconFeb 20, 2013 17:01
The most active zinc contract quickly surged above 20-day moving averaged after opening at RMB 15,785/mt, and later moved between RMB 15,840-15,860/mt.

SHANGHAI, Feb. 20 (SMM) – China’s stock market ceased to fall and began to rebound to close at 2397.18 points, up 0.6%. The most active zinc contract quickly surged above 20-day moving averaged after opening at RMB 15,785/mt, and later moved between RMB 15,840-15,860/mt. At the tail of the trading, long power was strong, and SHFE 1305 zinc contract hit a high at RMB 15,980/mt and closed at RMB 15,975/mt, up RMB 175/mt, or 1.11%. Trading volumes increased by 63,006 lots to 122,144 lots, and positions added by 23,288 lots to 170,430 lots.
 

SHFE zinc price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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