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SMM Brief on SHFE Zinc Futures (2013-11-27)
Nov 27,2013 16:32CST
price review forecast
Source:SMM
SHFE 1402 zinc contract prices opened lower at RMB 14,800/mt, dragged down by LME zinc prices overnight, then leveling out between RMB 14,810-14,825/mt.

SHANGHAI, Nov. 27 (SMM) – SHFE 1402 zinc contract prices opened lower at RMB 14,800/mt, dragged down by LME zinc prices overnight, then leveling out between RMB 14,810-14,825/mt. In the afternoon, with strong short momentum, SHFE zinc prices hovered around RMB 14,800/mt, and closed the day at RMB 14,800/mt, down RMB 40/mt. Trading volumes increased by 552 lots, to 19,448 lots, and total positions increased by 4,922 lots, to 119,000 lots.
 

zinc prices

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