SMM Brief on SHFE Zinc Futures (2013-6-7)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-6-7)

Price Review & Forecast 05:25:46PM Jun 07, 2013 Source:SMM

SHANGHAI, Jun. 7 (SMM) – SHFE 1309 zinc contract prices opened at RMB 14,845/mt. The Shanghai Composite Index plunged 1.5%, and the SZSE Component Index also plummeted by 2.64%, distressing market sentiment. But zinc prices resisted both increases and declines due to market caution before the holiday, fluctuating around RMB 14,840/mt, and finally closing at RMB 14,840/mt, close to the settlement price on Thursday. Trading volumes of SHFE 1309 zinc contracts decreased by 20,936 lots, to 41,182 lots, and positions decreased by 4,408 lots to 119,450 lots. Trading volumes decreased by 33,828 lots, to 74,682 lots, and total positions decreased by 6,816 lots to 286,960 lots.
 

SMM Brief on SHFE Zinc Futures (2013-6-7)

Price Review & Forecast 05:25:46PM Jun 07, 2013 Source:SMM

SHANGHAI, Jun. 7 (SMM) – SHFE 1309 zinc contract prices opened at RMB 14,845/mt. The Shanghai Composite Index plunged 1.5%, and the SZSE Component Index also plummeted by 2.64%, distressing market sentiment. But zinc prices resisted both increases and declines due to market caution before the holiday, fluctuating around RMB 14,840/mt, and finally closing at RMB 14,840/mt, close to the settlement price on Thursday. Trading volumes of SHFE 1309 zinc contracts decreased by 20,936 lots, to 41,182 lots, and positions decreased by 4,408 lots to 119,450 lots. Trading volumes decreased by 33,828 lots, to 74,682 lots, and total positions decreased by 6,816 lots to 286,960 lots.