SMM Brief on SHFE Zinc Futures (2013-10-9)

Price Review & Forecast 03:54:27PM Oct 09, 2013 Source:SMM

SHANGHAI, Oct. 9 (SMM) – SHFE 1401 zinc contracts became the most actively traded contracts, with prices opening at RMB 14,780/mt, jumping above the 20-day moving average. Due to increasing positions, SHFE zinc prices soared to RMB 14,820/mt, hovering between RMB 14,775-14,795/mt in the afternoon, and closing at RMB 14,785/mt, up RMB 20/mt. Trading volumes increased by 3,084 lots, to 31,216 lots, and total positions increased by 9,252 lots, to 115,000 lots.
 

Key Words:  zinc prices  

SMM Brief on SHFE Zinc Futures (2013-10-9)

Price Review & Forecast 03:54:27PM Oct 09, 2013 Source:SMM

SHANGHAI, Oct. 9 (SMM) – SHFE 1401 zinc contracts became the most actively traded contracts, with prices opening at RMB 14,780/mt, jumping above the 20-day moving average. Due to increasing positions, SHFE zinc prices soared to RMB 14,820/mt, hovering between RMB 14,775-14,795/mt in the afternoon, and closing at RMB 14,785/mt, up RMB 20/mt. Trading volumes increased by 3,084 lots, to 31,216 lots, and total positions increased by 9,252 lots, to 115,000 lots.
 

Key Words:  zinc prices