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SMM Brief on SHFE Zinc Futures (2013-2-28)
Feb 28,2013 17:30CST
price review forecast
Source:SMM
LME zinc prices overnight dipped by USD 23.5/mt.

SHANGHAI, Feb. 28 (SMM) – LME zinc prices overnight dipped by USD 23.5/mt. SHFE 1305 zinc contract prices opened RMB 35/mt lower at RMB 15,635/mt, and were generally resistant to declines. Despite the Shanghai Composite leaped 2.26%, investor confidence did not improve. With strong short momentum, SHFE 1305 zinc contract prices fluctuated between RMB 15,660-15,680/mt, and closed at RMB 15,665/mt, down RMB 15/mt, or 0.1%. Trading volumes of SHFE 1305 zinc contract decreased by 8,342 lots, to 50,708 lots, and total position decreased by 7,822 lots to 111,376 lots.
 

LME zinc prices
SHFE 1305 zinc contract prices

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