Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-7-15)

SMM Brief on SHFE Zinc Futures (2013-7-15)

iconJul 15, 2013 16:59
Source:SMM
SHFE 1310 zinc contract prices opened slightly lower at RMB 14,680/mt. China's Q2 GDP was 7.5%, coinciding market expectations, and helping ease market concerns.

SHANGHAI, Jul. 15 (SMM) – SHFE 1310 zinc contract prices opened slightly lower at RMB 14,680/mt. China's Q2 GDP was 7.5%, coinciding market expectations, and helping ease market concerns. A-shares opened low but moved higher, closing the day up 0.98%. Pushed up by a large number of longs, SHFE 1310 zinc contract prices edged up to RMB 14,710/mt. LME zinc prices failed to break through USD 1,900/mt, falling back to the 5-day moving average, dragging down SHFE zinc prices to RMB 14,660/mt, and finally closing at RMB 14,690/mt. Trading volumes decreased by 12,788 lots, to 33,194 lots, and total positions decreased by 3,176 lots, to 151,056 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