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Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-4-22)

SMM Brief on SHFE Zinc Futures (2013-4-22)

iconApr 22, 2013 17:46
Source:SMM
SHFE 1307 zinc contracts prices opened at RMB 14,575/mt, and meeting resistance at the 10-day moving average after touching RMB 14,620/mt.

SHANGHAI, Apr. 22 (SMM) – SHFE 1307 zinc contracts prices opened at RMB 14,575/mt, and meeting resistance at the 10-day moving average after touching RMB 14,620/mt, and then falling to RMB 14,570/mt, pushed down by shorts. As LME zinc prices dropped steeply in the afternoon, SHFE zinc prices were pushed up, dipping to a daily low of RMB 14,460/mt, and finally closing at RMB 14,480/mt, up RMB 5/mt. Total positions decreased by 3,792 lots to 127,974 lots.
 

SHFE 1307 zinc contracts prices

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