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SMM Brief on SHFE Zinc Futures (2014-4-14)
Apr 14,2014 17:18CST
price review forecast
Source:SMM
SHFE 1406 zinc contract prices opened at RMB 14,970/mt last Friday evening, falling back after touching RMB 15000/mt.

SHANGHAI, Apr. 14 (SMM) – SHFE 1406 zinc contract prices opened at RMB 14,970/mt last Friday evening, falling back after touching RMB 15000/mt, dragged down by LME zinc prices, dipping to RMB 14,915/mt, and finally closing at RMB 14,945/mt, down RMB 25/mt or 0.17%.

SHFE 1406 zinc contract prices opened at RMB 14,945/mt on Monday, then fluctuated in a narrow range, hovering between RMB 14,935-14,955/mt, and edging up with LME zinc prices, once touching 14,985/mt, and closing at RMB 14,980/mt, up RMB 10/mt or 0.07%. Trading volumes decreased by 2,452 lots, to 10,528 lots, and total positions decreased by 1,660 lots, to 59,442 lots.
 

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