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SMM Brief on SHFE Zinc Futures (2013-11-12)
Nov 12,2013 17:10CST
price review forecast
Source:SMM
SHFE 1401 zinc contract prices opened low at RMB 14,900/mt, and dipped to RMB 14,835/mt, dragging down by LME zinc prices, and leveling out during Asian trading hours.

SHANGHAI, Nov. 12 (SMM) – SHFE 1401 zinc contract prices opened low at RMB 14,900/mt, and dipped to RMB 14,835/mt, dragging down by LME zinc prices, and leveling out during Asian trading hours. SHFE zinc prices hovered between RMB 14,840-14,870/mt, and closed at RMB 14,845/mt, down RMB 90/mt or 0.6%. Trading volumes increased by 11,384 lots, to 31,826 lots, and total positions decreased by 5,184 lots, to 101,146 lots. The market remained cautious before the Third Plenary Session of the CPC Central Committee ended.
 

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