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SMM Brief on SHFE Zinc Prices (2013-2-22)
Feb 22,2013 19:24CST
price review forecastsmm insight
Source: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.

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

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