Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-7-11)

SMM Brief on SHFE Zinc Futures (2013-7-11)

iconJul 11, 2013 18:22
Source:SMM
SHFE 1310 zinc contract prices opened RMB 195/mt higher at RMB 14,705/mt, fluctuating around RMB 14,700/mt in the morning.

SHANGHAI, Jul. 11 (SMM) – SHFE 1310 zinc contract prices opened RMB 195/mt higher at RMB 14,705/mt, fluctuating around RMB 14,700/mt in the morning. The Shanghai Composite Index continued to rise by 3.23%, boosting market sentiment. When combined with rising LME zinc prices, SHFE zinc prices strengthened in the afternoon, soaring to RMB 14,880/mt, pushing up by longs, but rolling back early gains later and finally closing at RMB 14,785/mt, up RMB 225/mt, or 1.55%. Trading volumes increased by 53,218 lots, to 1,034,444 lots, and total positions decreased by 4,446 lots, to 151,646 lots.
 

SHFE 1310 zinc contract prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All