Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-10-28)

SMM Brief on SHFE Zinc Futures (2013-10-28)

iconOct 28, 2013 16:59
Source:SMM
SHFE 1401 zinc contract prices opened higher at RMB 15,030/mt as LME zinc prices overnight closed the day with gains, and then leveled out.

SHANGHAI, Oct. 28 (SMM) – SHFE 1401 zinc contract prices opened higher at RMB 15,030/mt as LME zinc prices overnight closed the day with gains, and then leveled out. But due to sluggish spot zinc market, SHFE zinc prices dropped later the day to RMB 15,035-15,055/mt. But since LME zinc prices jumped, SHFE zinc prices stabilized and closed at RMB 15070/mt, up RMB 120/mt. Trading volumes decreased by 9,242 lots, to 48,040 lots, and total positions increased by 2,900 lots, to 132,000 lots. The market remains cautious awaiting result from the Fed’s policy meeting.
 

zinc prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All