SMM Brief on SHFE Zinc Futures (2014-3-7)

SHANGHAI, Mar. 7 (SMM) – SHFE 1405 zinc contract prices opened at RMB 15,185/mt on Thursday evening, then edged up with rising LME zinc prices, touching RMB 15,210/mt, and finally closing at RMB 15,210/mt, up RMB 5/mt or 0.03%. Trading volumes decreased by 2,110 lots to 13,972 lots, and total positions increased by 1,178 lots to 120,912 lots. SHFE 1405 zinc contract prices opened at RMB 15,210/mt on Friday, then edged down, dipping to RMB 15,130/mt in the afternoon due to mounting short momentum, hovering between RMB 15,145-15,165/mt, and closing at RMB 15,170/mt, down RMB 35/mt or 0.23%. Trading volumes decreased by 17,040 lots, to 45,020 lots, and total positions decreased by 6,390 lots, to 113,344 lots.