SMM Brief on SHFE Zinc Futures (2014-3-25)

SHANGHAI, Mar. 25 (SMM) – SHFE 1406 zinc contract prices opened at RMB 14,775/mt on Monday evening, and touched RMB 14,815/mt before falling to RMB 14,750-14,760/mt, and finally closing at RMB 14,750/mt, down RMB 10/mt or 0.07%.

SHFE 1406 zinc contract prices opened at RMB 14,755/mt on Tuesday, then moved between RMB 14,750-14,770/mt. As industry commodity prices jumped at 11:00 AM, SHFE copper prices rose, driving up SHFE 1406 zinc contract prices to touch RMB 14,850/mt, but lacking ability to rise further, then moving between RMB 14,790-14,810/mt, and closing the day at RMB 14,805/mt, up RMB 45/mt or 0.3%. Trading volumes increased by 13,092 lots, to 30,754 lots, and total positions decreased by 1,438 lots, to 76,588 lots.