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Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-10-16)

SMM Brief on SHFE Zinc Futures (2013-10-16)

Oct 16, 2013 17:04

Source:SMM

SHFE 1401 zinc contract prices opened low at RMB 14,960/mt, and then hovered around the 5-day moving average.

SHANGHAI, Oct. 16 (SMM) – SHFE 1401 zinc contract prices opened low at RMB 14,960/mt, and then hovered around the 5-day moving average, but dipping to a daily low of RMB 14,865/mt, though finding support at the 10-day moving average later the day. Finally, SHFE 1401 zinc contract prices closed at RMB 14,935/mt, down RMB 40/mt or 0.27%. Trading volumes decreased by 2,260 lots, to 47,596 lots, and total positions decreased by 6,144 lots, to 139,420 lots. The Shanghai Composite Index tumbled 1.81%, depressing market optimism and keeping investors cautious.

zinc contract prices

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