SMM Brief on SHFE Zinc Futures (2013-4-24)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-4-24)

Price Review & Forecast 05:00:45PM Apr 24, 2013 Source:SMM

SHANGHAI, Apr. 24 (SMM) – SHFE 1307 zinc contracts prices opened at RMB 14,525/mt, dipping to RMB 14,440/mt in the morning trading, but then rallying to RMB 14,520/mt. In the afternoon, SHFE 1307 zinc contract prices soared along with the strengthening copper prices, breaking through the 10-day moving average, and touching a daily high of RMB 14,650/mt, but then inching down. Finally, SHFE 1307 zinc contract price closed at RMB 14,610/mt, up RMB 115/mt. Total positions decreased by 4,512 lots to 120,898 lots.
 

SMM Brief on SHFE Zinc Futures (2013-4-24)

Price Review & Forecast 05:00:45PM Apr 24, 2013 Source:SMM

SHANGHAI, Apr. 24 (SMM) – SHFE 1307 zinc contracts prices opened at RMB 14,525/mt, dipping to RMB 14,440/mt in the morning trading, but then rallying to RMB 14,520/mt. In the afternoon, SHFE 1307 zinc contract prices soared along with the strengthening copper prices, breaking through the 10-day moving average, and touching a daily high of RMB 14,650/mt, but then inching down. Finally, SHFE 1307 zinc contract price closed at RMB 14,610/mt, up RMB 115/mt. Total positions decreased by 4,512 lots to 120,898 lots.