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SMM Brief on SHFE Zinc Prices (2013-2-27)
Feb 27,2013 18:33CST
price review forecast
Source:SMM
The most active SHFE zinc 1305 contract opened high at RMB 15,685/mt, and later advanced to hit RMB 15,715/mt due to brief rally of China’s stock market.

SHANGHAI, Feb. 27 (SMM) – The most active SHFE zinc 1305 contract opened high at RMB 15,685/mt, and later advanced to hit RMB 15,715/mt due to brief rally of China’s stock market. Due However, SHFE zinc contract quickly fell to RMB 15,660-15,680/mt after finding support at 60-day moving average due to absence of downstream demand. Finally, SHFE zinc contract closed at RMB 15,665/mt, up RMB 90/mt or 0.58% from a day earlier. Trading volumes reduced by 14,590 lots to 59,080 lots. Positions reduced by 4,296 lots to 119,198 lots.
 

SHFE zinc price
spot zinc price
Shanghai spot zinc price

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