SMM Brief on SHFE Zinc Futures (2014-4-9)

SHANGHAI, Apr. 9 (SMM) – The most active SHFE 1406 zinc contract price rose to a high of RMB 14,950/mt after starting at RMB 14,910/mt, and closed up RMB 60/mt, or 0.4%, at RMB 14,950/mt during Tuesday’s night session.

On Wednesday, SHFE 1406 zinc contract prices opened at RMB 14,945/mt, and hovered most of the day between RMB 14,930-14,945/mt. The metal fell slightly at the tail of the trading to a new intraday low of RMB 14,915/mt, and finished up RMB 40/mt, or 0.27%, at RMB 14,930/mt. Traded volumes lost 1,794 lots to 14,154 lots, while positions shed 2,334 lots to 65,206 lots.