SMM Brief on SHFE Zinc Futures (2013-4-26)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-4-26)

Price Review & Forecast 05:58:39PM Apr 26, 2013 Source:SMM

SHANGHAI, Apr. 26 (SMM) – SHFE 1307 zinc contracts prices opened high at RMB 14,790/mt as LME zinc prices overnight closed the day with gains. As the Shanghai Composite Index opened low and moved lower, with daily declines of 0.97%, SHFE zinc prices briefly touched RMB 14,835/mt, but then fell to RMB 14,750-14,770/mt, with prices finally closing at RMB 14,745/mt, up RMB 75/mt or 0.51%. Trading volumes decreased by 872 lots, to 30,660 lots, and total positions decreased by 6,394 lots to 106,672 lots. Trading volumes of SHFE 1308 zinc contracts decreased by 5,566 lots, to 97,474 lots, and total positions decreased by 838 lots to 104,454 lots, with the shift expected to be made next Thursday.
 

SMM Brief on SHFE Zinc Futures (2013-4-26)

Price Review & Forecast 05:58:39PM Apr 26, 2013 Source:SMM

SHANGHAI, Apr. 26 (SMM) – SHFE 1307 zinc contracts prices opened high at RMB 14,790/mt as LME zinc prices overnight closed the day with gains. As the Shanghai Composite Index opened low and moved lower, with daily declines of 0.97%, SHFE zinc prices briefly touched RMB 14,835/mt, but then fell to RMB 14,750-14,770/mt, with prices finally closing at RMB 14,745/mt, up RMB 75/mt or 0.51%. Trading volumes decreased by 872 lots, to 30,660 lots, and total positions decreased by 6,394 lots to 106,672 lots. Trading volumes of SHFE 1308 zinc contracts decreased by 5,566 lots, to 97,474 lots, and total positions decreased by 838 lots to 104,454 lots, with the shift expected to be made next Thursday.