SMM Brief on SHFE Zinc Futures (2013-4-10)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-4-10)

Price Review & Forecast 06:23:02PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – LME zinc prices overnight closed the day with gains. LME zinc prices thus opened higher at RMB 14,925/mt today. The US Federal Reserve will announce the minute for its monetary policy meeting held on March 19th-20th, and any plan for tightening policies will affect the market significantly. Investors will remain cautious before that. SHFE zinc prices. SHFE 1307 zinc contracts prices moved between RMB 14,910-14,915/mt after opening. China reported trade deficit in March, depressing investor confidence and causing short momentum to grow. SHFE zinc prices inched down to RMB 14,865-14,885/mt, and finally closing at RMB 14,875/mt, up RMB 50/mt or 0.34%. Trading volumes decreased by 25,724 lots, to 51,066 lots, and total positions decreased by 2,276 lots to 135,464 lots.
 

Key Words:  LME zinc prices 

SMM Brief on SHFE Zinc Futures (2013-4-10)

Price Review & Forecast 06:23:02PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – LME zinc prices overnight closed the day with gains. LME zinc prices thus opened higher at RMB 14,925/mt today. The US Federal Reserve will announce the minute for its monetary policy meeting held on March 19th-20th, and any plan for tightening policies will affect the market significantly. Investors will remain cautious before that. SHFE zinc prices. SHFE 1307 zinc contracts prices moved between RMB 14,910-14,915/mt after opening. China reported trade deficit in March, depressing investor confidence and causing short momentum to grow. SHFE zinc prices inched down to RMB 14,865-14,885/mt, and finally closing at RMB 14,875/mt, up RMB 50/mt or 0.34%. Trading volumes decreased by 25,724 lots, to 51,066 lots, and total positions decreased by 2,276 lots to 135,464 lots.
 

Key Words:  LME zinc prices