SMM Brief on SHFE Zinc Futures (2014-4-11)

SHANGHAI, Apr. 10 (SMM) – SHFE 1406 zinc contract prices opened high at RMB 14,980/mt on Thursday evening, the highest in the night trading. LME zinc prices lacked ability to rise further during US trading hours, and SHFE 1406 zinc contract prices hovered between RMB 14,955-14,790/mt,  and closing at RMB 14,970/mt, up RMB 55/mt or 0.37%.

SHFE 1406 zinc contract prices opened at RMB 14,960/mt on Friday, hovering between RMB 14,950-14,960/mt in the morning, and edging up with LME zinc prices, once touching 15,010/mt, and closing at RMB 15,000/mt, up RMB 85/mt or 0.57%. Trading volumes increased by 50 lots, to 12,980 lots, and total positions decreased by 1,498 lots, to 61,078 lots.