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

iconOct 18, 2013 17:55
Source: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.

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.

 

zinc contract prices

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