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

Hot Keywords

  • Zinc
  • Aluminium
  • Copper
  • Copper scrap
  • Steel
  • Market commentary
  • Lead
  • Nickel
  • Alumina
  • Morning comments
  • price
  • Stainless steel
  • Inventory data
  • Futures movement
  • Evening comments

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

Price Review & Forecast 05:04:20PM Oct 16, 2013 Source:SMM

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.
 

Key Words:  zinc contract prices  

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

Price Review & Forecast 05:04:20PM Oct 16, 2013 Source:SMM

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.
 

Key Words:  zinc contract prices