SMM Brief on SHFE Zinc Futures (2014-4-17)

SHANGHAI, Apr. 17 (SMM) – SHFE 1407 zinc contracts became the most actively traded contracts on Wednesday evening, with prices opening at RMB 15,070/mt, touching RMB 15,110/mt due to strong long momentum, and closing at RMB 15,090/mt, up RMB 95/mt or 0.63%. Trading volumes increased by 4,908 lots to 10,922 lots, and total positions increased by 6,038 lots to 59,118 lots.

SHFE 1406 zinc contract prices opened at RMB 15,090/mt on Thursday, then fluctuated between RMB 15,080-15,100/mt as LME zinc price volatility was low, and closing at RMB 15,090/mt, up RMB 95/mt or 0.63%. Trading volumes increased by 4,758 lots, to 11,374 lots, and total positions increased by 2,432 lots, to 61,550 lots.