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SMM Brief on SHFE Zinc Futures (2014-3-19)
Mar 19,2014 17:16CST
price review forecast
Source:SMM
SHFE 1406 zinc contract prices opened low at RMB 14,695/mt on Tuesday evening, but then inched up to RMB 14,770/mt as LME zinc prices rebounded,

SHANGHAI, Mar. 19 (SMM) – SHFE 1406 zinc contract prices opened low at RMB 14,695/mt on Tuesday evening, but then inched up to RMB 14,770/mt as LME zinc prices rebounded, and finally closing at RMB 14,760/mt, up RMB 20/mt or 0.14%. Trading volumes increased by 768 lots to 11,936 lots, and total positions increased by 1,228 lots to 73,860 lots.

SHFE 1406 zinc contract prices opened at RMB 14,765/mt on Wednesday, then leveled out between RMB 14,740-14,780/mt since LME zinc prices hovered within a narrow band, and closing the day at RMB 14,755/mt, up RMB 15/mt or 0.1%. Trading volumes decreased by 9,266 lots, to 21,378 lots, and total positions increased by 2,852 lots, to 75,458 lots.
 

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