SMM Brief on SHFE Zinc Futures (2013-4-25)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Futures movement
  • NPI
  • Copper
  • Aluminium
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations
  • nickel laterite

SMM Brief on SHFE Zinc Futures (2013-4-25)

Price Review & Forecast 05:23:24PM Apr 25, 2013 Source:SMM

SHANGHAI, Apr. 25 (SMM) – SHFE 1307 zinc contracts prices opened high at RMB 14,665/mt as LME zinc prices overnight soared, climbing to the 20-day moving average, and once touching a daily high of RMB 14,740/mt. As the Shanghai Composite Index inched down in the morning session, SHFE zinc prices dipped to RMB 14,640/mt, but then rallied to RMB 14,670/mt, with prices finally closing at RMB 14,690/mt, up RMB 135/mt. Total positions decreased by 7,832 lots to 113,066 lots.
 

SMM Brief on SHFE Zinc Futures (2013-4-25)

Price Review & Forecast 05:23:24PM Apr 25, 2013 Source:SMM

SHANGHAI, Apr. 25 (SMM) – SHFE 1307 zinc contracts prices opened high at RMB 14,665/mt as LME zinc prices overnight soared, climbing to the 20-day moving average, and once touching a daily high of RMB 14,740/mt. As the Shanghai Composite Index inched down in the morning session, SHFE zinc prices dipped to RMB 14,640/mt, but then rallied to RMB 14,670/mt, with prices finally closing at RMB 14,690/mt, up RMB 135/mt. Total positions decreased by 7,832 lots to 113,066 lots.