SMM Brief on SHFE Zinc Futures (2013-6-28)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-6-28)

Price Review & Forecast 05:53:45PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 28 (SMM) – SHFE 1310 zinc contract prices opened slightly lower at RMB 14,380/mt. As domestic liquidity tightness eased, the Shanghai Composite closed the day up 1.50%, boosting market sentiment. SHFE zinc prices thus climbed to RMB 14,445/mt, but met resistance at the 10-day moving average, and later fluctuating between RMB 14,410-14,425/mt, finally closing at RMB 14,420/mt, up RMB 25/mt or 0.17%. Trading volumes decreased by 5,070 lots, to 48,820 lots, and total positions increased by 1,194 lots to 160,580 lots.

 

Price

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Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Oct.21
13920.0
-40.0
(-0.29%)
Aluminum Ingot - Wu Xi
Oct.21
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Hang Zhou
Oct.21
13995.0
-45.0
(-0.32%)
Aluminum Ingot - Chong Qing
Oct.21
13950.0
-30.0
(-0.21%)

SMM Brief on SHFE Zinc Futures (2013-6-28)

Price Review & Forecast 05:53:45PM Jun 28, 2013 Source:SMM

SHANGHAI, Jun. 28 (SMM) – SHFE 1310 zinc contract prices opened slightly lower at RMB 14,380/mt. As domestic liquidity tightness eased, the Shanghai Composite closed the day up 1.50%, boosting market sentiment. SHFE zinc prices thus climbed to RMB 14,445/mt, but met resistance at the 10-day moving average, and later fluctuating between RMB 14,410-14,425/mt, finally closing at RMB 14,420/mt, up RMB 25/mt or 0.17%. Trading volumes decreased by 5,070 lots, to 48,820 lots, and total positions increased by 1,194 lots to 160,580 lots.