SMM Brief on SHFE Zinc Futures (2013-10-18)-Shanghai Metals Market

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SMM Brief on SHFE Zinc Futures (2013-10-18)

Price Review & Forecast 05:55:58PM Oct 18, 2013 Source:SMM

SHANGHAI, Oct. 18 (SMM) – SHFE 1401 zinc contract prices opened at RMB 14,930/mt, and then souring to RMB 14,985/mt, but meeting resistance at RMB 15,000/mt. Market players turned cautious at the week’s end. SHFE zinc prices remained between RMB 14,950-14,980/mt, closing at RMB 14,950/mt, up RMB 30/mt or 0.20%. Trading volumes decreased by 4,422 lots, to 37,274 lots, and total positions decreased by 15,904 lots, to 129,018 lots. Total positions of SHFE 1401 zinc contracts decreased by 15,904 lots in the week.

 

Key Words:  zinc contract prices  

SMM Brief on SHFE Zinc Futures (2013-10-18)

Price Review & Forecast 05:55:58PM Oct 18, 2013 Source:SMM

SHANGHAI, Oct. 18 (SMM) – SHFE 1401 zinc contract prices opened at RMB 14,930/mt, and then souring to RMB 14,985/mt, but meeting resistance at RMB 15,000/mt. Market players turned cautious at the week’s end. SHFE zinc prices remained between RMB 14,950-14,980/mt, closing at RMB 14,950/mt, up RMB 30/mt or 0.20%. Trading volumes decreased by 4,422 lots, to 37,274 lots, and total positions decreased by 15,904 lots, to 129,018 lots. Total positions of SHFE 1401 zinc contracts decreased by 15,904 lots in the week.

 

Key Words:  zinc contract prices