Home / Metal News / SMM Brief on SHFE Zinc Futures (2013-11-8)

SMM Brief on SHFE Zinc Futures (2013-11-8)

iconNov 8, 2013 17:24
Source:SMM
SHFE 1401 zinc contract prices opened at RMB 14,930/mt, and found support at the 60-day moving average as LME zinc prices leveled out during Asian trading hours.

SHANGHAI, Nov. 8 (SMM) – SHFE 1401 zinc contract prices opened at RMB 14,930/mt, and found support at the 60-day moving average as LME zinc prices leveled out during Asian trading hours, then hovering between RMB 14,930-14,950/mt. Risk aversion permeated in the market at the week’s end and ahead of the release of US October non-farm employment data. Trading volumes increased by 3,242 lots, to 21,340 lots, and total positions decreased by 2,612 lots, to 106,932 lots.
 

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