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SMM Brief on SHFE Zinc Futures (2013-3-18)
Mar 18,2013 17:22CST
price review forecast
Source:SMM
SHFE 1306 zinc contract prices opened RMB 160/mt lower, at RMB 15,150/mt today。

SHANGHAI, Mar. 18 (SMM) – SHFE 1306 zinc contract prices opened RMB 160/mt lower, at RMB 15,150/mt today, since LME zinc prices last Friday closed with declines and due to improving European debt crisis. As large numbers of longs closed positions and since shorts rushed to the market, SHFE 1306 zinc contract prices plunged and dipped to RMB 14,520/mt, a record low since July 2012. Since profits hunters bought goods later in the day, SHFE zinc prices rallied to RMB 14,910/mt, and finally closed at RMB 14,870/mt, down RMB 440/mt, or 2.87%. Trading volumes increased by 75,890 lots, to 149,362 lots. Total positions increased by 12,330 lots to 141,618 lots.
 

SHFE 1306 zinc contract prices

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