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Home / Metal News / SMM Brief on SHFE Zinc Prices (2013-2-22)

SMM Brief on SHFE Zinc Prices (2013-2-22)

iconFeb 22, 2013 19:24
The most active SHFE zinc 1305 contract quickly fell to RMB 15,600/mt after opening at RMB 15,660/mt, but later lurched higher to RMB 15,690-15,700/mt.

SHANGHAI, Feb. 22 (SMM) -- The most active SHFE zinc 1305 contract quickly fell to RMB 15,600/mt after opening at RMB 15,660/mt, but later lurched higher to RMB 15,690-15,700/mt. During the afternoon trading hours, stronger LME zinc prices boosted SHFE zinc prices to hit a high at RMB 15,750/mt, but decline in China’s stock market later weighed down SHFE zinc prices to close at RMB 15,700/mt, up RMB 30/mt, or up 0.19% from a day earlier. Trading volumes reduced sharply by 121,000 lots to 66,330 lots. Positions reduced by 4,410 lots to 135,038 lots.
 

SHFE zinc contract
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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