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SMM Brief on SHFE Zinc Futures (2013-2-20)
Feb 20,2013 17:01CST
price review forecast
Source:SMM
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

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