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SMM Brief on SHFE Zinc Futures (2014-4-15)
Apr 15,2014 17:11CST
price review forecast
Source:SMM
SHFE 1406 zinc contract prices opened high at RMB 15,000/mt on Monday evening, touching RMB 15,030/mt, and finally closing at RMB 15,000/mt, up RMB 50/mt or 0.33%.

SHANGHAI, Apr. 15 (SMM) – SHFE 1406 zinc contract prices opened high at RMB 15,000/mt on Monday evening, touching RMB 15,030/mt, and finally closing at RMB 15,000/mt, up RMB 50/mt or 0.33%. Trading volumes decreased by 3,660 lots to 5,802 lots, and total positions increased by 146 lots to 59,588 lots.

SHFE 1406 zinc contract prices opened at RMB 15,005/mt on Tuesday, then touched RMB 15020/mt before falling back, meeting resistance at the 60-day moving average, hovering between RMB 14,970-14,985/mt in the afternoon, and closing at RMB 14,975/mt, up RMB 25/mt or 0.17%. Trading volumes decreased by 1,052 lots, to 9,476 lots, and total positions decreased by 1,582 lots, to 58,006 lots.
 

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