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SMM Brief on SHFE Zinc Futures (2013-7-1)
Jul 1,2013 16:26CST
price review forecast
Source:SMM
SHFE 1310 zinc contract prices opened slightly higher at RMB 14,420/mt, and soared to test RMB 14,500/mt as buyers rushed to the market.

SHANGHAI, Jul. 1 (SMM) – SHFE 1310 zinc contract prices opened slightly higher at RMB 14,420/mt, and soared to test RMB 14,500/mt as buyers rushed to the market. The Shanghai Composite Index bottomed before rising in the afternoon, closing the day up 0.81%. Drove up by LME zinc prices, SHFE 1310 zinc contract prices broke through RMB 14,500/mt in the afternoon, inching up to RMB 14,530/mt, touching RMB 14,545/mt, and finally closing at RMB 14,540/mt, up RMB 135/mt or 0.94%. Trading volumes increased by 5,818 lots, to 54,638 lots, and total positions decreased by 572 lots to 160,008 lots.

 

SHFE 1310 zinc contract prices opened slightly higher at RMB 14
420/mt
and soared to test RMB 14
500/mt as buyers rushed to the market.

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