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SMM Brief on SHFE Zinc Futures (2013-11-18)
Nov 18,2013 16:00CST
price review forecast
Source:SMM
After China announced economic reform policies and due to Jenet Yellen’s statement, SHFE 1402 zinc contract prices opened high at RMB 14,840/mt, and then leveled out.

SHANGHAI, Nov. 18 (SMM) – After China announced economic reform policies and due to Jenet Yellen’s statement, SHFE 1402 zinc contract prices opened high at RMB 14,840/mt, and then leveled out. The Shanghai Composite Index soared 3%, SHFE zinc prices were resistant to increases, moving between RMB 14,850-14,870/mt, and closing at RMB 14,865/mt, up RMB 60/mt. Trading volumes decreased by 6,186 lots, to 24,056 lots, and total positions increased by 5,336 lots, to 104,000 lots.
 

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