Home / Metal News / Copper / SMM Brief on SHFE Zinc Futures (2013-11-20)
SMM Brief on SHFE Zinc Futures (2013-11-20)
Nov 20,2013 17:13CST
price review forecast
Source: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.

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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news