SMM Brief on SHFE Zinc Futures (2013-11-20)

Nov 20, 2013 17:13

Pushed by LME zinc prices overnight, SHFE 1402 zinc contract prices opened high at RMB 14,830/mt, and then rose to RMB 14,860/mt as a large number of buyers entered the market.

SHANGHAI, Nov. 20 (SMM) – Pushed by LME zinc prices overnight, SHFE 1402 zinc contract prices opened high at RMB 14,830/mt, and then rose to RMB 14,860/mt as a large number of buyers entered the market. In the afternoon, LME zinc prices and Shanghai Composite Index climbed, pushing up SHFE zinc prices to RMB 14,895/mt, but falling at the end of trading, closing the day at RMB 14,870/mt, up RMB 85/mt. Trading volumes decreased by 2,954 lots, to 28,246 lots, and total positions increased by 1,242 lots, to 114,000 lots.

LME zinc prices

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SMM Brief on SHFE Zinc Futures (2013-11-20)

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