SMM Brief on SHFE Zinc Futures (2014-3-6)

SHANGHAI, Mar. 6 (SMM) – SHFE 1405 zinc contract prices opened at RMB 15,285/mt on Wednesday evening. Dragged down by falling LME zinc prices, SHFE 1405 zinc contract prices inched down to RMB 15,250/mt as a large number of longs left the market, and finally closing at RMB 15,250/mt, down RMB 30/mt or 0.2%. Trading volumes decreased by 35,384 lots to 16,082 lots, and total positions increased by 1,072 lots to 124,624 lots.

SHFE 1405 zinc contract prices opened at RMB 15,250/mt on Thursday, and then dipped to RMB 15,145/mt as a large number of longs left the market, and hovering between RMB 15,170-15,190/mt, and closing at RMB 15,200/mt, down RMB 80/mt or 0.52%. Trading volumes decreased by 56,486 lots, to 62,060 lots, and total positions decreased by 3,818 lots, to 119,734 lots.