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SMM Brief on SHFE Zinc Futures (2013-7-10)
Jul 10,2013 16:51CST
price review forecast
Source:SMM
SHFE 1310 zinc contract prices opened lower at RMB 14,515/mt.

SHANGHAI, Jul. 10 (SMM) – SHFE 1310 zinc contract prices opened lower at RMB 14,515/mt. China's June data was disappointing, but SHFE zinc prices were rarely affected and generally fluctuated between RMB 14,475-14,500/mt. A-shares rose in the afternoon to 2,000, boosting market sentiment and inducing a large number of longs to enter the market, pushing up SHFE zinc prices to touch RMB 14,585/mt, and finally closing at RMB 14,560/mt, up RMB 25/mt, or 0.17%. Trading volumes decreased by 6,132 lots, to 50,226 lots, and total positions increased by 286 lots, to 156,092 lots.

 

SHFE 1310 zinc contract prices

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