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Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-6-24)

SMM Brief on SHFE Zinc Futures (2013-6-24)

iconJun 24, 2013 17:43
SHFE 1310 zinc contract prices opened RMB 65/mt higher at RMB 14,435/mt, as LME zinc prices overnight closed the day up last Friday.

SHANGHAI, Jun. 24 (SMM) – SHFE 1310 zinc contract prices opened RMB 65/mt higher at RMB 14,435/mt, as LME zinc prices overnight closed the day up last Friday. The Shanghai Composite Index tumbled 5.3%, falling below 2,000, depressing market sentiment, and since short momentum mounted, SHFE zinc prices dipped to RMB 14,260/mt, finally closing at RMB 14,280/mt, down RMB 90/mt or 0.63%. Trading volumes decreased by 15,928 lots, to 72,218 lots, and total positions increased by 6,712 lots to 145,914 lots.

SHFE copper prices plunged by 2.42%, while SHFE zinc prices should fall to test RMB 14,100-14,000/mt.
 

SHFE 1310 zinc contract prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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