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SMM Brief on SHFE Zinc Futures (2013-11-13)
Nov 13,2013 17:41CST
price review forecast
Source:SMM
SHFE 1401 zinc contract prices opened low at RMB 14,810/mt, dragged down by falling LME zinc prices, and then hovered between RMB 14,785-14,800/mt.

SHANGHAI, Nov. 13 (SMM) – SHFE 1401 zinc contract prices opened low at RMB 14,810/mt, dragged down by falling LME zinc prices, and then hovered between RMB 14,785-14,800/mt, and touching RMB 14,835/mt at noon. With prevailing market caution, SHFE zinc prices inched down in the afternoon and closed at RMB 14,765/mt, down RMB 80/mt. Trading volumes decreased by 7,374 lots, to 24,452 lots, and total positions decreased by 2,388 lots, to 98,758 lots.
 

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