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SMM Brief on SHFE Zinc Futures (2013-3-7)
Mar 7,2013 17:03CST
price review forecast
Source:SMM
SHFE 1306 zinc contract prices opened RMB 115/mt lower at RMB 15,295/mt, and then dipped to a three-month low of RMB 15,155/mt as longs closed positions.

SHANGHAI, Mar. 7 (SMM) – SHFE 1306 zinc contract prices opened RMB 115/mt lower at RMB 15,295/mt, and then dipped to a three-month low of RMB 15,155/mt as longs closed positions. LME zinc prices dropped after opening, down to USD 2,000/mt. As LME zinc prices inched up later in the day, SHFE three-month zinc contract prices rallied and struggled around RMB 15,260/mt, and finally closed at RMB 15,625/mt, down RMB 145/mt, or 0.94%. Trading volumes increased by 47,718 lots, to 134,184 lots, and total position increased by 9,194 lots to 115,812 lots.
 

SHFE 1306 zinc contract prices

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