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

Price Review & Forecast 05:19:23PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – SHFE 1401 zinc contract prices opened at RMB 14,750/mt, and then edge up to RMB 14790/mt. Boosted by rising LME zinc prices, SHFE zinc prices extended their gains and broke through the 5, 10, 20 and 60-day moving average, and closing at RMB 14,845/mt, up RMB 60/mt. Trading volumes increased by 4,964 lots, to 36,180 lots, and total positions increased by 13,002 lots, to 128,000 lots.

 

Key Words:  zinc contract prices  

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

Price Review & Forecast 05:19:23PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – SHFE 1401 zinc contract prices opened at RMB 14,750/mt, and then edge up to RMB 14790/mt. Boosted by rising LME zinc prices, SHFE zinc prices extended their gains and broke through the 5, 10, 20 and 60-day moving average, and closing at RMB 14,845/mt, up RMB 60/mt. Trading volumes increased by 4,964 lots, to 36,180 lots, and total positions increased by 13,002 lots, to 128,000 lots.

 

Key Words:  zinc contract prices