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SMM Brief on SHFE Zinc Futures (2013-7-15)
Jul 15,2013 16:59CST
price review forecast
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

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