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

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Copper
  • Nickel
  • Market commentary
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Tin
  • Production data
  • Morning comments

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

Price Review & Forecast 05:46:47PM Apr 22, 2013 Source:SMM

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.
 

Price

more
Aluminum Ingot
Oct.24
13990.0
50.0
(0.36%)
Aluminum Ingot - Fo Shan
Oct.24
13940.0
50.0
(0.36%)
Aluminum Ingot - Wu Xi
Oct.24
14000.0
50.0
(0.36%)
Aluminum Ingot - Hang Zhou
Oct.24
14000.0
45.0
(0.32%)
Aluminum Ingot - Chong Qing
Oct.24
13970.0
50.0
(0.36%)

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

Price Review & Forecast 05:46:47PM Apr 22, 2013 Source:SMM

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.